Canadian Insurer Sagen Plans to Raise Around C$300 Million

Article ID: 80e7c4a8c39e6fcf613cc6e6cae6186cf806afe80e18f426d3a570b636f4498e

Source ID: primary:insurancejournal.com

Published At: -

Extraction Method: trafilatura

URL: https://www.insurancejournal.com/news/international/2026/09/15/885103.htm

Body Text

Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter.
The debt will likely mature in seven years, the people said, asking not to be identified as they aren’t authorized to speak publicly. Executives spoke with investors on Monday.
A representative with the firm didn’t immediately respond to a request for comment.
Sagen provides mortgage-default insurance.
Photograph: The Toronto skyline over Lake Ontario in Toronto, Ontario, Canada, on Friday, Aug. 28, 2026; photo credit: Cole Burston/Bloomberg
Copyright 2026 Bloomberg.
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