Western Investment Company Provides Update on Fortress Insurance Progress
High River, Alberta--(Newsfile Corp. - September 25, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") announced today that its insurance operation, Fortress Insurance, has issued its first property insurance policy.
In a message to shareholders, CEO Scott Tannas provided the following commentary:
"We are pleased to report that Fortress is now putting business on its books, and is licenced in Alberta, Saskatchewan and Manitoba. We will be working over the coming months to build solid and productive relationships with a select group of brokers in the West, and to provide surplus lines and subscription capacity to the insurance market. We believe there is a current and growing need for a small, nimble, regionally focused insurance provider, and Fortress Insurance intends to quickly and profitably take up that role. The first milestone was achieved today."
About The Western Investment Company of Canada Limited
WICC is a unique publicly traded, private equity company founded by a group of successful Western Canadian businesspeople, and dedicated to building and maintaining ownership in successful Western Canadian companies, and helping them to grow. The company's shares are traded on the TSX Venture Exchange under the symbol WI. For more information on the company, please visit its website at www.winv.ca.
The Western Investment Company of Canada Limited
President and Chief Executive Officer
Advisory: This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to future insurance operations and business. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond Western's control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Western's disclosure documents on the SEDAR website at www.sedar.com. Any forward looking statements are made as of the date of this news release and Western does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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