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Western Surety

Full company profile

uuid000omr3

Namestring
Western Surety
Legal namestring
Western Surety Company
Websiteurl
westernsurety.ca
Company typeenum
Private
Founded yearint
1909
Descriptiontext

Western Surety Company, founded in 1909 and headquartered in Regina, Saskatchewan, is a privately held Canadian insurance company that exclusively underwrites surety bonds. It is the only insurance company in Canada devoted exclusively to this product line, writing both contract surety (performance, payment, and bid bonds for public and private construction projects) and commercial surety (license and permit bonds, lost document bonds, administration and guardianship/fiduciary bonds, and customs and excise bonds). The firm is licensed to operate in all Canadian provinces and territories and is part of the family-owned Hill Group of Companies, with the Hill family having been involved since 1947 and Matthew Hill appointed Chairman of the Board in December 2023 as part of a generational leadership transition.

The company distributes exclusively through a network of appointed licensed insurance brokers rather than selling directly to end customers. Brokers access Western Surety's products through a proprietary E-Services web portal (eservices.westernsurety.ca) that allows them to issue commercial and contract bonds, check approval status, edit recently issued bonds, look up customers, and access rate information online. Regional offices in Regina (headquarters), Saskatoon, Vancouver, Toronto (Mississauga), and Dartmouth provide broker support across the country. Western Surety holds an A- (Excellent) Financial Strength Rating from AM Best (achieved June 2020) and markets a service-level commitment of an initial response on new business submissions within one business day, supported by what it describes as more than 250 years of combined surety experience across its team.

Revenue is generated primarily through surety bond premiums paid by principals (typically contractors, businesses, and fiduciaries) in exchange for the surety's guarantee of performance or compliance. Premiums are risk-priced during underwriting based on the principal's financial standing, credit history, experience, and character, with collateral (such as irrevocable letters of credit or certificates of deposit) requested only for higher-risk situations. The customer base is highly fragmented across construction contractors, commercial businesses requiring licensing or permit compliance, estate executors and guardians, and import/export businesses needing customs bonds. In September 2025, Western Surety announced the acquisition of the SGI Canada Surety Portfolio, signaling inorganic expansion of its premium base.

Short descriptiontext

Western Surety is Canada's only insurance company devoted exclusively to underwriting surety bonds, offering contract surety for construction and commercial surety for licensing, customs, and fiduciary needs through an appointed broker network across all Canadian provinces and territories.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersRegina, Canada
HQ citystring
Regina
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
surety bonds, contract surety, commercial surety, construction bonds, insurance underwriting
Industry4 codes
1Contract Surety Bonds
CodeFSAJAIAAPrimaryYes
2Commercial Surety Bonds
CodeFSAJAIABPrimaryNo
3License & Permit Bonds
CodeFSAJAIAFPrimaryNo
4Notary / Bail / Miscellaneous Consumer Bonds
CodeFSAJAIAKPrimaryNo
NAICS code2 codes
  • Other Direct Insurance (except Life, Health, and Medical) Carriers524128
  • Direct Insurance (except Life, Health, and Medical) Carriers52412
SIC code1 code
  • Surety Insurance6351
Product category
Surety Insurance
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Surety Bond Premiums
TypeOne Time License
Description

Western Surety generates revenue through the issuance of surety bonds for the construction industry and commercial sector. Premiums are paid by principals (typically contractors or businesses) as a service fee for the surety's guarantee of performance. The bond premium covers underwriting expenses and represents compensation for the credit extension provided.

westernsurety.ca
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Western Surety underwrites and issues surety bonds exclusively for the Canadian market, split into Contract Surety (performance, payment, and bid bonds for construction projects) and Commercial Surety (license and permit, lost document, administration/guardianship, and customs and excise bonds). Bonds are written through appointed licensed insurance brokers, with no direct-to-consumer sales, and are processed via the company's E-Services Broker Portal. Premiums are risk-based, calculated from the principal's financial standing, credit, experience, and character.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Initial response within one business day for new business submissions
Product overview1 text field

Western Surety is Canada's only insurance company devoted exclusively to writing surety bonds. The company offers two core product lines: Contract Surety (protecting construction project completion) and Commercial Surety (covering license/permit, customs, lost document, and fiduciary bonds). Both products are accessed through the E-Services Portal, a web-based broker platform for issuing bonds and managing accounts. The company operates exclusively through a broker network across all Canadian provinces and territories.

Product and service1 record
1Contract Surety
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Hill Group of Companies
Strategic tierCoreTypeOthers
Description

Western Surety is part of the Hill Group of Companies, a family-owned business group. The Hill family has been involved in the company since 1947 when Fred Hill joined the business. The group maintains a long-standing presence in Canadian business with Paul J. Hill serving as Chairman and Matthew Hill appointed as Chairman of the Board in 2023.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat6 records

Each record includes

Type, Details

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Western Surety

Surety Insurancewesternsurety.ca

Western Surety is Canada's only insurance company devoted exclusively to underwriting surety bonds, offering contract surety for construction and commercial surety for licensing, customs, and fiduciary needs through an appointed broker network across all Canadian provinces and territories.

What Western Surety does

Western Surety Company, founded in 1909 and headquartered in Regina, Saskatchewan, is a privately held Canadian insurance company that exclusively underwrites surety bonds. It is the only insurance company in Canada devoted exclusively to this product line, writing both contract surety (performance, payment, and bid bonds for public and private construction projects) and commercial surety (license and permit bonds, lost document bonds, administration and guardianship/fiduciary bonds, and customs and excise bonds). The firm is licensed to operate in all Canadian provinces and territories and is part of the family-owned Hill Group of Companies, with the Hill family having been involved since 1947 and Matthew Hill appointed Chairman of the Board in December 2023 as part of a generational leadership transition.

The company distributes exclusively through a network of appointed licensed insurance brokers rather than selling directly to end customers. Brokers access Western Surety's products through a proprietary E-Services web portal (eservices.westernsurety.ca) that allows them to issue commercial and contract bonds, check approval status, edit recently issued bonds, look up customers, and access rate information online. Regional offices in Regina (headquarters), Saskatoon, Vancouver, Toronto (Mississauga), and Dartmouth provide broker support across the country. Western Surety holds an A- (Excellent) Financial Strength Rating from AM Best (achieved June 2020) and markets a service-level commitment of an initial response on new business submissions within one business day, supported by what it describes as more than 250 years of combined surety experience across its team.

Revenue is generated primarily through surety bond premiums paid by principals (typically contractors, businesses, and fiduciaries) in exchange for the surety's guarantee of performance or compliance. Premiums are risk-priced during underwriting based on the principal's financial standing, credit history, experience, and character, with collateral (such as irrevocable letters of credit or certificates of deposit) requested only for higher-risk situations. The customer base is highly fragmented across construction contractors, commercial businesses requiring licensing or permit compliance, estate executors and guardians, and import/export businesses needing customs bonds. In September 2025, Western Surety announced the acquisition of the SGI Canada Surety Portfolio, signaling inorganic expansion of its premium base.

Western Surety firmographics

Firmographics
Name
Western Surety
Legal name
Western Surety Company
Website
https://westernsurety.ca
Company type
Private
Founded year
1909
Operating status
Operating
Headcount range
11–50 employees
Short description
Western Surety is Canada's only insurance company devoted exclusively to underwriting surety bonds, offering contract surety for construction and commercial surety for licensing, customs, and fiduciary needs through an appointed broker network across all Canadian provinces and territories.
Ownership category
akta.pro rank

Western Surety industry classification

Industry
Product category
Surety Insurance
NAICS
Other Direct Insurance (except Life, Health, and Medical) Carriers (524128), Direct Insurance (except Life, Health, and Medical) Carriers (52412)
SIC
Surety Insurance (6351)
akta.pro primary industry
Contract Surety Bonds (FSAJAIAA)
akta.pro secondary industries
Commercial Surety Bonds (FSAJAIAB), License & Permit Bonds (FSAJAIAF), Notary / Bail / Miscellaneous Consumer Bonds (FSAJAIAK)

Keywords

  • Surety bonds
  • Contract surety
  • Commercial surety
  • Construction bonds
  • Insurance underwriting

Where Western Surety is headquartered

Location

Headquarters

HQ city
Regina
HQ country
Canada
HQ region
North America

Offices5 records

Markets served

Western Surety business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

  1. Surety Bond Premiums: Western Surety generates revenue through the issuance of surety bonds for the construction industry and commercial sector. Premiums are paid by principals (typically contractors or businesses) as a service fee for the surety's guarantee of performance. The bond premium covers underwriting expenses and represents compensation for the credit extension provided.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Western Surety product offering

Product offering

Core offering

Western Surety underwrites and issues surety bonds exclusively for the Canadian market, split into Contract Surety (performance, payment, and bid bonds for construction projects) and Commercial Surety (license and permit, lost document, administration/guardianship, and customs and excise bonds). Bonds are written through appointed licensed insurance brokers, with no direct-to-consumer sales, and are processed via the company's E-Services Broker Portal. Premiums are risk-based, calculated from the principal's financial standing, credit, experience, and character.

Product overview

Western Surety is Canada's only insurance company devoted exclusively to writing surety bonds. The company offers two core product lines: Contract Surety (protecting construction project completion) and Commercial Surety (covering license/permit, customs, lost document, and fiduciary bonds). Both products are accessed through the E-Services Portal, a web-based broker platform for issuing bonds and managing accounts. The company operates exclusively through a broker network across all Canadian provinces and territories.

Differentiator

Problem solved

Functional benefit

Products and services

  • Contract Surety

Quantifiable outcome

  • Initial response within one business day for new business submissions

Companies that use Western Surety

Customer profile

Segments4 records

Ideal customer profiles4 records

Western Surety technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Western Surety partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Hill Group of CompaniescoreOthersWestern Surety is part of the Hill Group of Companies, a family-owned business group. The Hill family has been involved in the company since 1947 when Fred Hill joined the business. The group maintains a long-standing presence in Canadian business with Paul J. Hill serving as Chairman and Matthew Hill appointed as Chairman of the Board in 2023.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Western Surety competitors and assessment

Company assessment

Market position

Competitive moat6 records

Key highlights6 records

Customer concentration

Western Surety social profiles

Digital presence

Western Surety financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Western Surety leadership team

Management profile

Number of profiles

Profiles5 records

Western Surety funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Western Surety M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Western Surety

What does Western Surety do?

Western Surety underwrites and issues surety bonds exclusively for the Canadian market, split into Contract Surety (performance, payment, and bid bonds for construction projects) and Commercial Surety (license and permit, lost document, administration/guardianship, and customs and excise bonds). Bonds are written through appointed licensed insurance brokers, with no direct-to-consumer sales, and are processed via the company's E-Services Broker Portal. Premiums are risk-based, calculated from the principal's financial standing, credit, experience, and character.

Is Western Surety a public or private company?

Western Surety is a private company. It is classified as family owned and is currently operating.

When was Western Surety founded?

Western Surety was founded in 1909. It employs 11 to 50 people.

Where is Western Surety based?

Western Surety is headquartered in Regina, Canada, in the North America region.

How does Western Surety make money?

One revenue line is on record: surety Bond Premiums.

Does Western Surety have an API?

No public API is recorded for Western Surety.

What industry is Western Surety in?

Western Surety's product category is Surety Insurance. Its primary akta.pro industry code is FSAJAIAA, Contract Surety Bonds, with a secondary code of FSAJAIAB, Commercial Surety Bonds. Its NAICS code is 524128 and its SIC code is 6351.

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