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Home > Property Insurance Coverage > Home Owners Insurance > Guarantee Company of North America (Canadian bonding carrier)
Guarantee Company of North America (Canadian bonding carrier)
The Guarantee Company of North America is a Canadian owned property and casualty insurance company, which has been serving the insurance needs of Canadians for over 134 years. The firm is the leading Bonding Company in Canada. In 1862, when the Grand Trunk Railroad of Eastern Canada began, its directors realized the need for protection from the possible dishonesty of the railway's money-handling employees. At that time, however, no company existed in Canada to provide such coverage. Sir Alexander Galt, a director of the Grand Trunk, traveled to London, England in search of an insurance company that might be interested in establishing a fidelity bonding operation in Canada. He convinced the European Life and Guarantee Company that there was a promising opportunity to expand its business in North America. In 1863 they dispatched a twenty-four year old manager by the name of Edward Rawlings to establish a branch office in Montreal.
Their insurance programs include Surety and Fidelity Bonds, Directors and Officers insurance, Automobile insurance, Homeowners insurance and personal liability insurance. Their Guarantee Gold product is designed to meet the needs of individuals with high value residences. All of their products are distributed through the independent insurance broker network. They take pride in providing quality products at fair and competitive prices, with a Guarantee to their policyholders of excellence in claims service on a 24-hour per day basis. Their financial stability and conservative underwriting have earned them the confidence of brokers and insured, and the support of the international reinsurance community.
Over the years, the firm has earned a solid reputation, with an established tradition of trust. Their agents are insurance professionals who recognize that personal service is the key to meeting individual and business concerns. They are a company committed to providing high quality insurance products and outstanding customer service to their policyholders, claimants and agents that represent them.
They are a company committed to providing high quality insurance products and outstanding customer service to their policyholders, claimants and agents that represent them. They know their mission and business strategy and are committed to the long term success of the organization and the financial protection of their policyholders. They possess the core competencies needed to perform their jobs and they continuously improve and learn. They are focused on the future as well as the present.
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