05:29 PM EDT, 03/26/2024 (MT Newswires) -- Trisura Group Ltd. ( TRRSF ) , a specialty insurance provider, Tuesday announced the closing of the acquisition of First Founders Assurance Company (FFAC), a U.S. Treasury listed surety company.

This acquisition further demonstrates Trisura's ( TRRSF ) commitment to the U.S. surety market and is an important step in achieving our long-term growth plans. An immediate effort is underway to broaden FFAC's licenses to include all 50 states and the District of Columbia.

"The acquisition of First Founders is an exciting step for Trisura ( TRRSF ) and our North American surety capabilities as we further develop our US infrastructure. As we expand licenses, the Treasury listed entity will allow Trisura ( TRRSF ) to access a broader portion of a larger surety market," said David Clare, President & CEO, Trisura ( TRRSF ), in a statement. "We look forward to updating our brokers, agents and investors on our progress as we integrate and expand the product offering and licenses of First Founders."

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