Western Surety Company will acquire SGI Canada’s surety portfolio, effective Oct. 1.

“The acquisition aligns with Western Surety Company’s monoline surety focus, and solidifies its position as a top surety writer in Canada,” WSC says in a press release last week.

WSC says it’s the only insurance company in Canada to exclusively write surety bonds for the construction industry, as well as a complete line of commercial surety bonds (including licence and permit bonds, lost document bonds, administration and property guardianship bonds, and customs and excise bonds).

In contract surety, WSC had insurance revenue of about $38.85 million in 2024, according to Canadian Underwriter’s 2025 Stats Guide, which uses data from MSA Research. For its part, SGI Canada brought in nearly $4.31 million in contract surety last year, and about $1.06 million in all other surety, the data show.

“This is an exciting day for Western Surety Company,” company president and CEO Greg Salmon says in the release. “With our dedicated surety expertise and industry leading service, we look forward to working with our existing brokers as well as several new brokers to effectively manage their surety needs.”

Over the coming days, current brokers and “the many new brokers we will be welcoming to WSC” will receive further details and communication on what to expect and how to be prepared for the Oct. 1 transition, WSC says. “WSC has invested significant resources over the past several years in improving and optimizing the bond issuance and account management processes, which we are confident will lead to a seamless transition.”

Canadian-family-owned, WSC is licensed to write surety bonds in all Canadian provinces and territories. The company was founded in 1909 and has its corporate head office in Regina. It does not conduct business in the U.S. and is not affiliated in any way with U.S. firms.