OUR BEGINNING

When The Guarantee Company of North America was founded in 1872, the directors of the Company believed that the best way to build a successful business was through product specialization and financial strength. Today, our business philosophy is based on those original principles.

We were the first company to offer fidelity bonds in North America. Our Business has developed and grown over time whereby we have become one of the largest contract surety and fidelity bonding companies in Canada. Our continued growth and trusted reputation are a testimony to the vision of its founders.

The Guarantee Company of North America is proud of our legacy as the pioneer underwriter of fidelity and surety bonding in North America. Our financial strength and stability, which have been the cornerstones of its success in the past, are in large measure the reason that we remain confident of our continued growth and success in the years ahead.

UNITED STATES EXPANSION

Given our significant share of the Canadian surety market, The Guarantee Company of North America decided to embark on a growth strategy based on re-entering the United States surety market through acquisitions. Our business strategy is to become a strong regional surety in most areas of the United States.

Our first acquisition was Atlantic Alliance Fidelity and Surety of Mount Laurel, New Jersey in April 2001. Since 1989, this company operated as a New Jersey stock insurance company that provided surety and fidelity bonds to small and medium sized businesses in 20 states throughout the eastern and southern United States. The Atlantic Alliance name was subsequently changed to The Guarantee Company of North America USA on March 1, 2002.

On January 16, 2003, The Guarantee Company of North America acquired all of the issued and outstanding shares of Mid-State Surety Corporation, a stock insurance company, incorporated in the state of Michigan in 1990. Mid-State was a monoline surety company with licenses in 42 states with 8 branch offices throughout the country.

On December 31, 2003, the two wholly owned subsidiaries were merged into one company operating under the name of The Guarantee Company of North America USA.

Today

The Guarantee Company of North America USA underwrites Contract and Commercial/Miscellaneous Surety with its home office in Southfield, Michigan and sixteen regional offices across the United States.

We are licensed in 49 states. We maintain an AM Best rating of A (Excellent) and Financial Strength Category of VIII. We have a Treasury Listing of $11,286,000.

The parent company, The Guarantee Company of North America, is a Canadian owned property and casualty insurance company serving the insurance needs of North Americans since 1872 and a leading underwriter of surety and fidelity bonds in Canada. From seven offices located in major centers across Canada, we specialize in Commercial and Contract Surety, Fidelity, Credit, Directors' and Officers' Liability and Personal Lines insurance including its high value Guarantee GOLD^® coverage.

The Guarantee Company of North America is committed to delivering its products through the independent broker / agent distribution network throughout North America.

A complete history of The Guarantee Company of North America is available on the history page of the Canadian Website

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