Our History

Westaim appoints new management team to source investment opportunities to help create and enhance value for shareholders.

Westaim completes acquisition of Jevco, a Canadian property and casualty insurer for C$261.4 million.

Westaim sells Jevco for C$530million to Intact Financial Holdings Ltd, generating a gross unlevered internal rate of return (“IRR”) of 28.9% over the approximate 32-month holding period.

Westaim pays a cash distribution of C$37.50 per common share (~C$520 million) by way of a return of capital to its shareholders.

Westaim invests US$75.7 million to acquire an interest in Houston International Insurance Group, Ltd. (renamed Skyward Specialty Insurance Group, Inc. “Skyward Specialty”). Skyward Specialty is a specialty insurance company, delivering commercial property and casualty products and solutions on an admitted and non-admitted basis.

Westaim partners with Bernard Partners to establish Arena Investors Group Holdings, LLC ("AIGH") and the Arena Investors FINCOs. To support this transaction, Westaim completes an equity financing, raising approximately US$180 million through the issuance of common shares to the public.

Skyward Specialty completes a US$100 million rights offering to support its growth; Westaim participates and subscribes for its pro-rata share of US$44.0 million.

The Board of Skyward Specialty appoints a new CEO of the business to help drive its growth and profitability.

Arena Investors AUM reaches US$2 billion.

Skyward Specialty completes an initial public offering (“IPO”) and lists its shares of common stock on the NASDAQ market under the ticker symbol, “SKWD” at an offering price of US$15 per share. Upon IPO listing, Westaim owns 14,567,139 shares or approximately 39% of the outstanding shares.

US$3.5 billion of invested and committed AUM as of August 1, 2023.

Westaim completes the sale of Skyward shares for net proceeds of US$454.4 million (C$618.2 million) and a gross internal rate of return (“IRR”) of 12.8% (US$) and 14.8% (C$).

CC Capital and Westaim create integrated insurance and asset management platform. CC Capital invests US$250 million in Westaim at C$28.50 per common share, bringing total investable capital base to approximately US$700 million.

Westaim changes its jurisdiction of incorporation from the Province of Alberta in Canada to the State of Delaware in the United States of America (the “Redomiciliation”).

CC Capital and Westaim complete transaction creating an integrated insurance and asset management platform, bringing together Ceres Life Insurance Company, a cloud-native and scalable annuity platform, and Arena Investors, LP, a growing and diversified global institutional asset manager.

Westaim completes a US$350 million capital contribution to fund the launch and operations of Ceres Life Insurance Company.

Ceres Life launches its insurance operations, issuing multi-year guaranteed annuity (MYGA) policies through third-party distribution partners.

Ceres Life expands its product suite with the launch of a fixed indexed annuity (FIA) offering.

AM Best Rating Affirmation - Ceres Life's financial strength is reaffirmed by AM Best, which maintains its B++ (Good) rating and stable outlook.

September 14, 2026 — The Westaim Corporation changes its name to Aventus Capital Inc. ("Aventus"); Arena Investors, LP becomes CCaventus Asset Management LP ("CCaventus").