ROCKLINC Investment Partners Inc. on Trisura Group Ltd.
Thesis
Trisura is one of ROCKLINC’s largest disclosed holdings in its Partners Fund, with a 9.58% weight at the end of the third quarter. The investment case centers on the favorable pricing conditions available to specialty insurers and the benefits of disciplined underwriting. ROCKLINC groups the business with defensive holdings characterized by pricing power and quality balance sheets. The size of the position signals unusually strong portfolio conviction.
“Specialty insurers (e.g., Kinsale, Trisura) operated in a favorable pricing and disciplined underwriting environment.”