On May 31, 2017, Fenchurch General Insurance Company completed the sale of its surety business to Northbridge Financial Corporation. The deal included United Surety Limited (which will be re-branded as Northbridge Surety Limited) and Capital Administration Services Inc., a provider of funds control services. The deal allows Fenchurch to focus on its core business line of Group Benefits offering and Northbridge to expand its product line to include surety bonds.
Canadian owned and operated, Fenchurch General is based in Mississauga, Ontario and is licensed to write a wide range of insurance throughout Canada.
Northbridge Financial is a leading commercial property and casualty insurance group wholly owned by Fairfax Financial Holdings Limited.
Miller Thomson advised the sellers with a team that included Kristina Shaw and Ryan Done.