Navacord Partners > Petrela Winter > News > Announcements > 2021 Canadian Surety Results

2021 Canadian Surety Results

Pleased to share our 2021 Surety Benchmarker!

Our compliments go out to the Canadian Surety Industry on the outstanding results achieved in 2021. The Surety Industry’s success is a function of the stability in the underlying construction economy, a testament to the resiliency of construction contractors during the pandemic, and affirming, once again, our long-held view that contractors are amongst the most dynamic and resourceful entrepreneurs on the planet!

We are thrilled with the service and relationship with Petrela, Winter & Associates. They understand and are plugged into the construction industry, and have done an excellent job in providing improved bonding terms, service and advice for the Salit Group of Companies across Canada, including seamless service and support of our growth and acquisition strategy. As Salit builds on its 115-year history of success, it’s important for us to maintain the very best internal and external team, and PWA is a key part of this team. We have and will continue to recommend Petrela, Winter & Associates to any business looking for a strong value-add broker partner and advocate.

—Wayne Gelb, Chief Financial Officer, Salit Steel & Salit Group of Companies

Finn Way General Contractor is one of the largest general contracting organizations in Northwestern Ontario.

We made the decision to engage Petrela Winter as our bond and insurance broker partner to leverage their specialization in construction.

Their collaborative approach to problem solving, the knowledgeable and professional staff, and the dedication to customer service has been very well received throughout our organization.

We are very pleased with this partnership.

—Michael Karimi, P.Eng. Project Manager, Finn Way General Contractor

Black & McDonald is a recent client of Petrela Winter & Associates and made the switch to leverage PWA’s significant construction expertise and entrepreneurial mindset to provide responsive, practical and cost effective solutions for our growing business needs. The PWA team has been able to work seamlessly with our internal staff, who also appreciate the use of technology to automate numerous insurance and bonding requests and provide more visibility into our insurance and bonding programs. Thus far, we are very pleased with the transition and the level of service and value added insights we are obtaining.

Black & McDonald is a large multi trade construction company, operating across Canada, the United States and Bermuda. The company offers services across four product lines in construction, utilities, facilities management and technical services.

—Feaz Rahim, CFO, Black & McDonald Limited

The staff at Petrela Winter feel like an extension of our team. We truly believe that they genuinely care about the success of our business and fully understand the needs of our company. They are extremely responsive, engaged and helpful with the day-to-day activities of our business. They ensure we have the coverage we require for our operations and never recommend we add coverage that is not required. Their knowledge of our industry is a valuable asset for our business and gives us the peace of mind we need.

—Vince De Cicco, President, Riverside Concrete Forming Ltd.

PWA is plugged into the construction industry and is at the forefront of the challenges we face each day. They have the ability to find solutions and make recommendations which are key to the operation of our business. Like Sherway, they are a recognized leader in their industry and we value their contribution as our company continues to grow and evolve. We would not hesitate to recommend Petrela, Winter & Associates to other construction companies that are interested in working with a group of professionals that truly understand their business and addresses their needs in a timely and professional manner.

—John Gawdunyk, President, Sherway Contracting (Windsor) Limited

Petrela, Winter & Associates are true construction specialists and it shows. They made major improvements to the terms, pricing and overall service of our bonding and insurance programs, and they consistently deliver an excellent service experience. They’re plugged into the construction industry and we value their insight and advice. We would certainly recommend their services to any construction company looking for a broker partner that adds true value.

—William Love, President , Dineen Construction Corporation

Petrela, Winter & Associates has been an important longstanding business partner of Ampere Limited. They provide a great deal of overall value to our business as it relates to cost-effective bonding, insurance, and risk management solutions. We can always rely on their informed construction business perspective.

Ampere’s reputation as leaders in our field is as a result of building the best and most reliable internal and external team in the business, and PWA is a key part of this team.

—Mario Bernardini, President & CEO, Ampere Limited

Olympic has been a client of Petrela Winter since Day 1, and we have witnessed the company’s growth from a Regional Surety provider to a National Surety and Construction Insurance leader, while still maintaining their personal hands-on approach, a difficult task magnificently executed. Petrela Winter’s combination of personal approach and National reach is unique to the industry today and they have been a real partner to us for 40 years. We would not be where we are today without their guidance and support.

—Carl Mallam, President, Olympic Construction Limited

We are very proud to be associated with Petrela Winter for the last 13 years. Having Petrela Winter as our bonding experts, the company has grown steadily since. They have continuously supported us with our institutional contracts and have helped us to reach new heights in our business.

Our being in Ottawa-Gatineau and they’re being in Toronto has never been an obstacle, and we always feel they are on our side in every situation as required. Their expertise is extremely helpful in many aspects of our business. I like to think of Petrela Winter being more than our bonding experts, but as real partners!

—Raymond Brunet, Past Chair, CCA & President, Brunet & Associés Canada

The team at PWA are true construction experts in the construction insurance, bonding and advisory space. As industry leaders, Wellington Builders continue to align ourselves with the best partners and resources in the industry to allow for our continued growth and success.

—Jake Wellington, President, Wellington Builders Inc.

We have been represented by Petrela Winter for over 30 years, and we have and continue to receive the best terms in the industry for both bonding and insurance. Their dedication to the industry, knowledge base, and their understanding of the national market as a whole, sector by sector, and region by region has provided our firm with a significant competitive edge.

—Keith Dwyer, President, Easco Electric Limited

Frecon Construction has been a client of Petrela Winter for over 20 years, during which time I have come to view Petrela Winter not only as my surety and insurance broker, but as an advocate for my business. PWA has a breadth of business experience and their professionals are more than happy to provide guidance or even open doors with his other clients or even competitors to do what is best for my company. Petrela Winter is known as an industry leader in the surety industry but they have been much more to my business, they’ve been a partner.

—Dean Drevniok, Past Chair, OGCA & President, Frecon Construction Limited

Over the past 30 years, Pennecon has grown from regional roadbuilder to a leading national heavy civil and industrial contractor, with a vast array of private and public customers from coast to coast. Our projects are continually larger, technically challenging, and contractually complex, and so it is critical for our staff and business partners to be the most knowledgeable and progressive in the industry. Petrela, Winter & Associates’ team of highly skilled bonding professionals have assisted us in many ways, enabling our disciplined growth for over 20 years. Always up to the challenge, their credibility with the Surety community and their continuous support and guidance has been paramount to the success of our business.

—David Mitchell, P.ENG, CEO, Pennecon Limited

E.S. Fox Limited is a multi-trade fabricator and constructor specializing in the Industrial, Commercial, Institutional, and Nuclear industries. Servicing Ontario since 1934. For us, transitioning to a new surety and insurance partner was a major decision. We needed a firm that not only understood the complexities of our industry but also one that could provide expert guidance and a customized approach to our unique needs. Petrela Winter & Associates has exceeded our expectations.

From the moment we engaged with them, their team demonstrated a deep knowledge of construction and surety markets, while delivering exceptional service that is both proactive and responsive. Their commitment to ensuring that we have the best coverage and support has given us great confidence moving forward. We appreciate the personalized care, attention to detail, and professionalism that Petrela Winter brings to every aspect of our relationship.

We’re thrilled to have made the switch and look forward to many more years of successful collaboration.

—Cherie Willis, VP & CFO, E.S. Fox Limited

Over the 12 years that we’ve been with Petrela Winter as our bonding agent, Petrela Winter has always been a solid advocate for our firm. Due to PWA’s support, we’ve been able to expand our contracting business and to undertake larger and more complex projects. Petrela Winter has been proactive in obtaining the best rate for bonds available while maintaining strong relationships with bond providers.

We’ve found everyone we’ve worked with to be professional, knowledgeable, and personable. Kenalex is pleased to have this opportunity to express our complete satisfaction with the services of Petrela Winter and to highly recommend this firm.

—Sandy Graham, Past Chair, OGCA & President, Kenalex Construction Company Limited

PWA and the Univex Group of Companies have worked together and supported each other for many years, and the relationship is now well into the second generation of operations for both companies. PWA supports Univex in their Surety and Corporate as well as personal Insurance needs, but more importantly, PWA has been an important and trusted adviser and confidant for Univex as we navigate the ever changing construction industry.

PWA was a major influence over the Surety underwriters in the early days of the Design/Build form of delivery of projects, securing support for when two major P3 hospitals, each the largest to be constructed in one phase in Canada, were out for RFP at the same time.

Univex is extremely satisfied with the dealings that we have with PWA and are proud to call the group at PWA our friends.

—Michael Caletti, President, Univex Group of Companies

When it comes to construction insurance and bonding, and general industry advisory expertise, we highly recommend the PWA team. Their knowledgeable, professional, and in-tune team members provide a rock-solid service and are there when you need them the most. Their sole focus on construction makes them stand out – they understand the industry and are up to date on all of the current issues.

—Mark Enright, President, Bonnechere Excavating Inc.

Petrela, Winter & Associates have proven to be valued business partners to us for over 12 years. The construction business is full of opportunities and challenges, and we appreciate having specialists like PWA in our corner. While their competence and competitiveness in surety and construction insurance have been outstanding, it is their constant willingness to roll up their sleeves and offer their perspective, guidance, effort and assistance that makes them stand out. They are an invaluable part of our team, and contributor to our success. We highly recommend PWA.

—Raymondo Mollica, Sitting Chair, OGCA, & President, REMO General Contracting Ltd.

As a leading National Construction Management and Development firm delivering custom and complex large scale projects for a discriminating client base, we have sophisticated risk management needs, and that’s why we have engaged Petrela Winter to be our surety and insurance advisors for the past 15+ years. PWA understands the construction business, and consistently finds innovative and pragmatic solutions to our evolving surety and insurance requirements. PWA is one of our trusted advisors and we consider them to be one of our important value-added partners. We recommend them without hesitation.

—Marco Mancini, Chairman, Urbacon

RHC continues to push the boundaries of ICI construction, and our collaborative underwriting partner, PWA, has a similar commitment to excellence. The organization’s leadership provides transparent interface with the RHC stakeholders while maintaining a humility and attention to detail that is unsurpassed in the industry. PWA continues to meet our everyday underwriting challenges while progressively assisting RHC in planning for the future; a great partnership.

—Eric R. Schmidt, President, Reid’s Heritage Construction Ltd. (RHC)

Read All Testimonials

Toronto

36 York Mills Road, Suite 501
Toronto, Ontario
M2P 2E9

Phone:	416.488.2522

London

700 Richmond Street, Suite 310
London, Ontario
N6A 5C7

Phone:	519.439.7754

Sudbury

2141 Lasalle Blvd, Suite 6A
Sudbury, Ontario
P3A 2A3

Phone:	705.280.6554

Ottawa

1545 Carling Avenue, Suite 412
Ottawa, Ontario
K1Z 8P9

Phone:	613.366.3167