Tri global insurance services inc

, /PRNewswire/ -- Tri Global Energy (TGE), one of America's leading developers of renewable energy, (www.triglobalenergy.com), has completed its acquisition by Enbridge (www.enbridge.com) (TSX: ENB) (NYSE: ENB), Canada's largest energy company.

For the second quarter of 2022, the American Clean Power Association (ACP) ranked Tri Global Energy as number 10 in the U.S. for overall renewable energy development (onshore and offshore wind, solar, and battery storage projects), number three for onshore wind development nationally, and number one for onshore wind development in Texas, one of the world's largest producers of wind energy. ACP includes projects both under construction and in advanced development.

Since its founding in 2009, Tri Global Energy has developed 8.7 GW of power from 37 total projects in seven states - Texas, Illinois, Indiana, Nebraska, Pennsylvania, Virginia, and Wyoming. TGE has successfully originated, developed and sold multiple projects to leading renewable equity partners such as NextEra, Copenhagen Infrastructure Partners and Engie. This includes 10 Texas wind projects, which are now in commercial operation.  

"When we established Tri Global Energy, we had a vision of creating a better way to develop wind energy projects. This proved to be what the industry needed to help accelerate the transition to renewable energy in the U.S.," said John B. Billingsley, TGE Founder, Chairman and CEO. "Today TGE is a leader in clean energy with a highly talented and experienced team. Our current opportunity with Enbridge allows for continued robust growth to meet the challenge of our lifetime – the transition to a low-carbon economy."   

Lazard served as lead financial advisor to Tri Global Energy, and Haynes and Boone served as outside counsel to Tri Global Energy.

About Tri Global Energy

Founded in 2009, Triu Global Energy is a leading renewable energy developer drawing on the natural, renewable resources of the wind and the sun to successfully address the growing demand for clean and sustainable energy.  Tri Global Energy is among America's top utility-scale renewable energy developers.  In fact, for more than a decade, the company has been the largest developer of wind energy projects currently under construction in Texas, the nation's leader in wind capacity.  For further information on TGE please visit www.triglobalenergy.com.

SOURCE Tri Global Energy

Trisura Insurance Company (TIC) is a US based specialty insurance carrier, headquartered in Oklahoma City, Oklahoma. We are rated A- (excellent) by AM Best with a Financial Size Category of IX. TIC is admitted with surety capabilities in 49 states and the District of Columbia. TIC owns a non-admitted carrier, Trisura Specialty Insurance Company (TSIC), who writes excess and surplus lines business nationwide. TSIC owns an admitted carrier, Bricktown Specialty Insurance Company (BSIC), who will begin writing excess and surplus lines business nationwide in 2022.

Specialized Focus

TIC focuses on the program segment of the market, where we will take minority risk positions on profitable niche-oriented programs controlled by professional program administrators. The target size for our programs is between $5-$20 million in annual premiums. TIC writes a broad range of lines and types of risks and businesses. We aim to partner with “best in class” administrators who have profitable books of business, strong underwriting discipline and a profit-driven mentality. Rewarding partners for strong bottom line results is a top priority, and this is reflected in our profit sharing arrangements.

Deep Expertise

The senior management at TIC has built a solid track record of writing profitable program business. We have assembled a team of professional underwriters and analysts whose sole focus is servicing our program clients. A disciplined approach to underwriting, combined with advanced data analytic capabilities helps our clients become more profitable over time and our proprietary data interface seamlessly integrates with our client’s pre-existing systems and workflows.

Solid Reinsurance Partnerships

TSIC partners with “A rated” reinsurers or very highly collateralized financial partners. Our reinsurance relationships help us maintain a consistent, long term approach to program business and protect our balance sheet. We purchase customized treaties for each program from reinsurers who understand the value of your business. We strive to deliver customer-focused and user-friendly solutions, working with our clients and reinsurance partners to create long-term and profitable relationships.

Our Bonds Begin Here

We aspire to be your surety of choice. We develop relationships with our brokers and agents. We truly believe we are your business partner and as such we don’t just filter through financial information and applications. We meet with you and your clients, hear their stories and find ways to grow all of our businesses in a shared spirit of entrepreneurialism. We recognize that when our brokers, agents and their clients grow and prosper, we do the same. We find innovative ways to incorporate all the merits of an account into our decisions and look for ways to say ‘yes’ rather than ‘no’, underwriting with skill, purpose and urgency. We maintain the long view and as such we’ll be with you through the ebbs and flow of the business cycle, valuing long term relationships.

Strong Parent Company

TIC is a subsidiary of Trisura Group Ltd., a leading international specialty insurance provider operating in the surety, risk solutions, corporate insurance and reinsurance segments of the market. Trisura Group Ltd. is listed on the Toronto Stock Exchange under the symbol “TSU”.