Mortgage default insurer Canada Guaranty is a Canadian turnaround story, and it’s starting to get mainstream attention. (This Globe & Mail story is one example.)
Last week, we had a good chat with its president and chief executive officer, Andy Charles. Andy spoke candidly about:
- Why lenders send business to Canada Guaranty
- The impact of CMHC’s pullback from the bulk insurance market, and
- How investors should view Canada Guaranty compared to its competitors.
That interview follows here…
(Length: 8 min., 45 sec.)
Interview transcript: Canada Guaranty – President and CEO, Andy Charles
Great to see Canada Guaranty gaining traction in the marketplace. It benefits mortgage holders to have insurance competition. There are some smaller lenders that would be out of luck if it weren’t for Canada Guaranty and Genworth serving the bulk insurance market.