ShoreOne and Trisura Partner to Offer Insurance for Coastal Homeowners

ShoreOne, a provider of insurance solutions for coastal homeowners, has partnered with Trisura Specialty Insurance Company.

This collaboration is expected to enhance ShoreOne’s ability to serve homeowners in specific coastal regions by leveraging Trisura’s financial strength.

It also adds a third carrier partner to ShoreOne’s portfolio.

Independent agents are anticipated to benefit from the partnership through improved underwriting capabilities.

Founded in 2019, ShoreOne offers a single policy that covers both traditional homeowners’ perils and flood insurance.

Cameron Rhodes, Chief Operating Officer and President of ShoreOne, stated: “We take our role as stewards of insurance and reinsurance capital very seriously and look forward to continuing to build on the track record we have established to date. The professional team at Trisura has been an absolute delight to work with, and we are grateful to share this coastal homeowners program, including flood coverage, with them.”

Michael Beasley, CEO of Trisura US Programs, said: “We have been very selective in our approach to homeowners’ business over the last few years, and we are very excited about our new partnership with ShoreOne. We find them to be a highly talented team who understands their business model very well and has a proven track record of success in this space. We look forward to a long and successful partnership with the ShoreOne team.”

Trisura Group, listed on the Toronto Stock Exchange, operates in surety, risk solutions, corporate insurance, and fronting.

The group has investments in subsidiaries that conduct insurance and reinsurance operations, primarily in Canada and the United States.

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