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.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California 
New York Contractor Charged with $160K Workers’ Comp Insurance Fraud 
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
AI Data Centers Are on Track to Fuel ‘Explosive’ Growth in Captive Insurance 
