On April 16, 2010, a Canadian private investor group, comprised of the Ontario Teachers’ Pension Plan and National Mortgage Guaranty Holdings Inc., acquired AIG United Guaranty Mortgage Insurance Company Canada. This transaction created the only 100% Canadian-owned private mortgage insurance company, known as Canada Guaranty Mortgage Insurance Company (“Canada Guaranty”).
The introduction of Canada Guaranty benefits lenders, mortgage professionals and consumers by fostering a competitive market dynamic and creating new choice among mortgage insurance providers. With a comprehensive range of products for loans above 80% loan-to-value, mortgage insurance from Canada Guaranty protects lenders and investors from losses related to borrower default and foreclosure.
To be the leading private mortgage insurer in Canada.
Canada Guaranty is dedicated to earning our partners’ business by delivering service excellence in all of our interactions. Our commitment is demonstrated by:
- Regional Canada Guaranty underwriters offering local market expertise across Canada.
- Ensuring every call to Canada Guaranty’s National Underwriting Centre is answered directly by a decision maker.
- A team that is knowledgeable, professional and accountable to our customers.