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.


Canada’s leading private mortgage insurer.

  • Canada Guaranty is dedicated to earning our partners’ business by delivering best-in-class service in all of our interactions.
  • Regionally-based relationship managers, underwriters and risk experts are empowered to make local market decisions.
  • In an evolving housing market, we deepen our customer relationships by being a consultative business partner and a key source of industry knowledge.


 Service Excellence
Our experienced team of professionals is dedicated, passionate and committed to delivering solutions and service excellence to our mortgage and lending partners throughout Canada.

 Prudent Risk Appetite
Partnering with high quality lenders and combining superior analytics with sound underwriting to ensure borrowers have the willingness and ability to stay in their homes, long term.

 Financial Strength
Canada Guaranty is a strongly capitalized Canadian-owned company supported by the superior financial strength and commitment of its 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 336,000 active and retired teachers. With $249.8 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 click here.

For more information, 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.