The Guarantee Company of North America (GCNA), founded in
1872, is currently the largest purveyor of contract
surety and
fidelity bonding in
Canada.
It started out providing fidelity bonds for the employees of the
railways (such as the
Grand Trunk Railway) in the
1800s.
The earliest beginnings are traced back to an
Edward Rawlings who in 1863 was dispatched from
London, England, to
Montreal, Canada, to begin this venture. He initially went out of business, but together with his clients and friend
Sir Alexander Galt acquired a
Charter on April 9, 1872, with Sir Alexander as president and Rawlings as manager in Montreal,
Quebec.
Today the GCNA is the largest provider of insurance to
government and governmental organizations across Canada.
They are the largest company providing contract and commercial surety bonds in Canada.
External links
The Guarantee Company of North America is held by a holding company. It is through independent brokers that insurance to government agencies, corporations and people is provided.
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