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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 mortgage insurer, dedicated to earning our partners’ business by delivering best-in-class service with every interaction.
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.
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 Smith Financial Corporation
Smith Financial Corporation is a Canadian family-owned investment firm focused on building and supporting successful businesses over the long term. Founded by Stephen Smith, the firm’s CEO and one of Canada’s leading financial services entrepreneurs, Smith Financial is guided by an entrepreneurial mindset and a commitment to responsible ownership. It partners with experienced management teams and invests in businesses that share its values, including respectful relationships, thoughtful customer service, and purposeful innovation.
Its portfolio includes well-established financial services companies, including Canada Guaranty Mortgage Insurance Company, First National Financial LP, Fairstone Bank of Canada, Glass Lewis & Co., and Peloton Capital Management.
For more information about Smith Financial Corporation and its investment philosophy, please visit https://www.smithfc.ca/.