2014: A Year of Challenges and Victories

According to Scott Donald, President and CEO of Western Surety, 2014 was a most unique year for the company. “While premium generation is very close to last year, we were, unfortunately, saddled with a major claim in Alberta. On a positive note, this claim was the only material blemish of the year and has again proved that our product remains the best form of security. Most importantly, high profile owners are very pleased with our claims management.”

“Our industry in general does not receive much positive publicity. The attached media link was great to see and it relates to an Ontario claim that commenced in 2013. While ‘whatever the cost’ may be somewhat of an overstatement, many brokers, competitors, reinsurers and of course, our staff, were pleased by the publicity.’

http://www.simcoereformer.ca/2014/12/05/end-in-sight-for-rec-centre-repairs

“The economy remains unpredictable at best. While Canada continues to be among the global economic leaders, the recent downturn in oil prices will certainly impact many construction companies, decrease expenditures within the construction industry and very likely slow the flow of money from the owners down to the sub-contractors and suppliers; obviously not a great combination for anyone in our industry. Over its 105 year existence, Western Surety has successfully managed many economic cycles and will continue to underwrite in a prudent, responsive manner.

Donald is also enthused about the services created by advances in technology. “In 2013, we launched part one of Western Surety’s E-Services for Commercial Surety Bonding in order to streamline our bond issuance services to our brokers. We were excited to have expanded this service for our Contract Surety business in 2014. Our most recent Ezine detailed the user-friendly Western Surety E-Services section; quite the change from 1987 when I first walked into the Western Surety offices!

“We are excited about these technological advances as they are the first of their kind in the industry and we hope to continue to increase efficiencies in our office and those of our broker force.

From everyone at Western Surety we send Christmas Greetings and wish you all a safe, prosperous and Happy New Year.

Christmas Charity Donation

Continuing a relatively new tradition, Western Surety held a company wide draw for the honour of selecting which charity receives Western Surety’s Christmas donation.

This year Paul Thompson, Senior Regional Manager of Manitoba and Saskatchewan in Regina’s Head Office, won the draw, and selected the Canadian Cancer Society.

Paul Thompson pictured (left) with Paul Hill receiving his 15 year long term service award on December 12th , 2014.

 

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