Trisura Group Ltd. has appointed David Scotland CFO, replacing Jimmy Doyle.
Scotland serves as CFO of Trisura Guarantee Insurance Co., which will be incorporated into his mandate following the appointment.
Trisura Group reported a second-quarter 2019 net loss of C$4.1 million, or a loss of 63 Canadian cents per common share, which is attributed to increases in its reinsurance reserves resulting from a decrease in European interest rates.
The net loss is offset by the company's strong underwriting performance and investment income in the U.S. and Canada. In the second quarter of 2018, the company logged net income of C$1.0 million, or 14 cents per common share.