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Dear Partners,
I am pleased to announce that effective April 16, Ontario Teachers’ Pension Plan and National Guaranty Mortgage Holdings Inc. have successfully completed the acquisition of AIG United Guaranty Mortgage Insurance Company.
The new company has been rebranded as Canada Guaranty Mortgage Insurance Company (“Canada Guaranty”) and is currently the only 100% Canadian owned private mortgage insurer. Canada Guaranty will benefit lenders, mortgage professionals and consumers by fostering a competitive market dynamic and creating new choice among mortgage insurance providers.
Canada Guaranty will demonstrate the benefits of increased competition by delivering exceptional customer service and value-added solutions to earn the business of our lending partners, today and well into the future. Canada Guaranty’s key differentiators are based on our:
Financial Strength
Canada Guaranty is supported by the leading financial strength, diversification and commitment of its ownership group, which includes the Ontario Teachers’ Pension Plan and National Guaranty Mortgage Holdings Inc.
Service Excellence
Our experienced team of professionals is dedicated, passionate and committed to delivering new solutions and service excellence to our mortgage and lending partners throughout Canada.
On behalf of myself and the Canada Guaranty team, we look forward to working with you and your organization to earn your business. If you have any questions, please do not hesitate to contact me or a member of our team.
Sincerely,
Andy Charles
President & Chief Executive Officer
Canada Guaranty Mortgage Insurance Company
Toll Free: 1.866.414.9109 ext. 8931
Toronto: 416.640.8931
E-mail: Contact
August 19, 2010
August 3, 2010
July 23, 2010