Headquarters: Calgary, AB
Year founded: 1953
Number of employees: 350
Leadership: Steve Phillips, COO
Sovereign Insurance empowers Canadian businesses to succeed by developing and distributing risk solutions they trust and value. “We are driven by our purpose to protect Canadian businesses and the communities they serve, and that starts by building positive, engaging relationships with our valued partners,” says Steve Phillips, COO of Sovereign Insurance. “We believe our focus on strong communication with our broker partners, listening to fully understand their clients’ unique needs and actively collaborating with them to deliver comprehensive risk solutions are key reasons why we’ve been awarded the Five-Star Carrier designation.”
Canadian-owned and -operated since 1953, Sovereign is a wholly owned subsidiary of The Co-operators General Insurance Company, a provider of multi-line insurance products. Currently, Sovereign operates in six offices across Canada and has an A- (excellent) rating from A.M. Best. Sovereign takes a comprehensive view to help ensure that Canadian businesses are well equipped to mitigate risk, leaving them confident to not only navigate through new and emerging risk exposures, but also to thrive in a constantly evolving environment.
“The industry has experienced a lot of changes and challenges in the last year,” Phillips says. “I am especially proud of the way the Sovereign Insurance team has partnered with our broker partners over the last 12 months to make the appropriate adjustments to ensure their clients are well protected.”
Sovereign’s short-term agility and long-term thinking allow it to respond to ever-changing market conditions.As Sovereign looks to the future, Phillips notes the importance of being an experienced and knowledgeable partner. “In order to continue to excel and meet the needs of our clients,” he says, “we focus our efforts on specific market niches and risk types to ensure we have depth of knowledge that we can bring to our broker partners and their commercial clients.”
