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About Westaim
Its shares trade on TSX Venture under the ticker WED.V. It has been listed since 4 July 1996. In the fiscal year to 31 December 2024, it reported a net loss of $16.2m. At that date it held total assets of $523.2m and shareholders' equity of $497.4m.
The Westaim Corp. engages in the provision of long-term capital to businesses operating primarily within the global financial services industry. The company is headquartered in Calgary, Alberta. The firm is engaged in providing long-term capital to businesses operating primarily within the global financial services industry. The firm invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. The Company’s investments include interests in Skyward Specialty and the Arena Group. Skyward has businesses in specialty lines including management and professional liability, medical stop loss, surety, E&S property and liability, and commercial property, programs, as well as multi-line solutions for the energy, trucking and construction industries. Its Arena Group includes Arena Investors, Arena Finance and Arena Origination.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 4 Jul 1996
- Employees
- 7
- Website
- westaim.com ↗
Leadership
Pay as last reported
- Mr. Ian DelaneyExecutive Chairman of the Board, since 1996$812,210
- Mr. J. Cameron MacdonaldPresident, Chief Executive Officer, Director, since 2008$1.6m
- Mr. Glenn MacneilChief Financial Officer$1.1m
- Mr. Robert KittelChief Operating Officer, Corporate Secretary$1.1m
- Mr. John GildnerIndependent Director$125,205
- Ms. Lisa MazzoccoIndependent Director$113,800
- Mr. Kevin ParkerIndependent Director$110,000
- Mr. Bruce WalterIndependent Director$110,000
- Mr. Michael SiegelNon-Executive Independent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Westaim Corp provides long-term capital to global financial services businesses with 7 employees.
- Skyward Specialty offers specialty lines including management liability and medical stop loss.
- Arena Group includes Arena Investors, Arena Finance, and Arena Origination for diversified investments.
Weaknesses
- Westaim Corp has only 7 full-time employees in Calgary, Alberta.
- The company's investments are limited to Skyward Specialty and Arena Group.
- Westaim Corp's business is focused solely on the global financial services industry.
Opportunities
- Westaim Corp can expand into the Health Care sector through Skyward Specialty's medical stop loss business.
- The global financial services industry offers growth opportunities for long-term capital providers.
- Arena Group's multi-line solutions for energy and construction industries present new markets.
Threats
- Skyward Specialty's medical stop loss business faces regulatory challenges in the Health Care sector.
- Arena Group's energy and construction industries are subject to economic downturns.
- Westaim Corp's reliance on a single industry increases vulnerability to market shifts.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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