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INVEST @ TSXV : WI

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Western InvestmentsWestern Investments
Western InvestmentsWestern Investments
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COMPANY PROFILE

Fortress Insurance Company is a regionally focused insurer operating since 2004. Proud of its western roots, Fortress works exclusively with independent insurance brokers in Western Canada striving to build strong, trust-worthy and long-lasting relationships. It is responsive, well capitalized and flexible to serve the specialized needs of their broker partners.

Its insurance products include: property, boiler and machinery, accident and sickness, marine, automobile, liability and fidelity, and fronting services.

Fortress has a flexible underwriting team with quick turnaround times so its brokers can service their clients effectively.

Fortress is well capitalized and focused on providing capacity across Canada.

Financial Metrics

  Purchase Price $1.69mm
  Purchase Date May 6, 2019
  WIC Ownership 28%

Industry

Insurance Services

Investment Thesis

  • To provide Western with an entry point into the insurance industry from which it intends to develop a business from the ground up.
VISIT FORTRESS INSURANCE'S WEBSITE
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