Company Information

Get to know Sagen MI Canada

Sagen MI Canada Inc., formerly known as Genworth MI Canada Inc., has been a key player in the Canadian housing market since 1995. The company provides mortgage default insurance to residential mortgage lenders, making homeownership more accessible for Canadians. Its mission is to protect lenders from losses on residential mortgages and to support a healthy and sustainable housing market. In 2021, the company was acquired by Brookfield Business Partners and subsequently rebranded to Sagen MI Canada, continuing its legacy of providing essential services to the Canadian lending community.

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Financial InsurancePRIMARY
Financial Other Service

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Sagen MI Canada

Canada

Founded in

1995 (31 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.