About Canada Guaranty

About Canada Guaranty

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. At that time, 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 more choice among mortgage insurance providers. With a comprehensive suite of products, mortgage insurance from Canada Guaranty protects lenders and investors from losses related to borrower default and foreclosure.

VISION

• Canada’s leading mortgage insurer, dedicated to earning our partners’ business by delivering best-in-class service with every interaction.

ORGANIZATIONAL PILLARS

• Service Excellence
  Canada Guaranty’s team of experienced professionals is passionate and committed to providing exceptional service to our partners.
• Prudent Risk Appetite
  Our Canada-wide team of leaders, underwriters, and risk experts are empowered to make the best regional and local market decisions, ensuring borrowers achieve sustainable homeownership.
• Financial Strength
  Canada Guaranty is proudly Canadian owned by Smith Financial Corporation and Ontario Teachers’ Pension Plan.
• Sound Governance
  As a leader in Canada’s housing finance system, we are guided by accountability and ethical decision making to deliver long-term value for our lending partners, borrowers, and investors.

CANADA GUARANTY’S OWNERSHIP GROUP

About Ontario Teachers’ Pension Plan (Ontario Teachers’)

Ontario Teachers’ is responsible for investing the pension fund and administering the pensions of Ontario’s 346,000 active and retired teachers. With $279.4 billion in net assets, Teachers’ is the largest single-profession pension plan in Canada.

Recognized as an innovator and leader among pension investors, to learn more about OTPP’s diversified investment strategy, please visit www.otpp.com.

About National Mortgage Guaranty Holdings Inc.

National Mortgage Guaranty Holdings Inc. is a family owned, private holding company of Mr. Stephen Smith.

In addition to being the Chairman, Chief Executive Officer and Co-Founder of First National Financial Corporation, Mr. Smith is also the Chairman and co-owner of Duo Bank of Canada, formerly Walmart Canada Bank, whose subsidiary Fairstone Financial Inc. is Canada’s largest non-bank consumer finance lender. Mr. Smith is the largest shareholder in Equitable Bank, Canada’s Challenger Bank™ and is Chairman of Peloton Capital Management, a North American focused private equity firm. Mr. Smith is a member of the Board of Directors of the C.D. Howe Institute, E-L Financial Corporation Limited and the Canada Infrastructure Bank. He is also Chairman of Historica Canada, which produces the Heritage Minutes and publishes The Canadian Encyclopedia. In 2019, Mr. Smith was inducted into the Canadian Business Hall of Fame.

In 2015, Queen’s University announced the naming of The Stephen J.R. Smith School of Business at Queen’s University in honour of Mr. Smith and his historic $50-million donation to the school.

Mr. Smith holds a B.Sc. (Hons.) in Electrical Engineering from Queen’s University and a M.Sc. in Economics from the London School of Economics.