Wawanesa Insurance forms an alliance with the True North Real Estate Development

The Wawanesa Mutual Insurance Company, Canada’s largest mutual insurer founded in Manitoba in 1896, is partnering with True North Real Estate Development (TNRED) to build its new North American headquarters at True North Square. Wawanesa will be the sole office tenant in a new state-of-the-art, purpose-built office building, to be located at the southwest corner of Carlton Street and Graham Avenue in downtown Winnipeg immediately next to the Sutton Place Hotel & Residences, adjacent to the Royal Winnipeg Ballet (RWB), and directly across from the plaza at True North Square.

“As an expanded North American insurance agency and Canada’s biggest common guarantor, we’re pleased to compose the following part of our promise to Manitoba, where our organization was established, by putting resources into Winnipeg’s developing downtown center,” said Evan Johnston, SVP, Chief Legal and Strategy Officer, Wawanesa Insurance. “In extending our quality in Winnipeg, we fortify our capacity to help the developing needs of our 5,000 workers and two million policyholders crosswise over North America.”

Over the past five years, Wawanesa’s Winnipeg-based workforce has virtually doubled in size while at the same time the company has embarked on a transformation process that requires modernized facilities, strengthening how the company competes in a changing and globalized insurance industry.

The fifth tower at True North Square will provide a progressive and transformative workplace that will bring approximately 1,100 of Wawanesa’s Winnipeg-based employees together under one roof. The new tower will create a truly cohesive and effective work environment and further elevate Wawanesa as a community leader, industry innovator and progressive employer of choice in Winnipeg.

“Much like our partner True North, at Wawanesa we understand the importance of being a positive force in the communities where our people live and work,” added Johnston. “We’re eager to join the growing community of organizations in True North Square that, we believe, will contribute to the economic prosperity of the province while allowing us to build a stronger sense of community among our Winnipeg-based employees.”