Lifelong Learning for a Brighter World

McMaster Continuing Education and Surety Association of Canada Announce New Partnership


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February 3, 2020Hamilton / Mississauga, ON – McMaster University Continuing Education and The Surety Association of Canada (SAC) are pleased to announce their new partnership to offer the Associateship in Canadian Surety Bonding (A.C.S.B.) Designation Program.

The A.C.S.B. Designation Program aims to provide students with a theoretical and practical understanding of suretyship through a comprehensive review of surety bonds and related process and is intended for those who plan on embarking on a career in the surety industry. It initially launched in September 1998 and was previously offered through the University of Toronto’s School of Continuing Studies.

“We are elated about embarking on this opportunity with McMaster University,” states Steven D. Ness, President of the Surety Association of Canada. “This new partnership will provide our association with additional resources to further enhance and develop the program going forward.” Mr. Ness further stated, “We would like to express our profound appreciation to the University of Toronto who have supported our association for the past 21 years with the delivery of this program which, to date, has bestowed the A.C.S.B. Designation on 188 graduates.”

The structure of the A.C.S.B. Designation Program requires students to complete four (4) core courses and two (2) electives through a distance/online learning platform. Upon successful completion of the program, the designation of Associateship of Canadian Surety Bonding (A.C.S.B.) will be conferred by the Surety Association of Canada. Students also earn a McMaster University Associateship in Canadian Surety Bonding Certificate. The program is offered in English only at this time.

Lorraine Carter, Director, McMaster University Continuing Education comments, “Our partnership with the Surety Association of Canada is strong evidence of McMaster’s commitment to the needs of adult learners including those seeking professional designations. We are delighted to partner with SAC in order to bring this exceptional program to those aspiring to work in the surety industry.”

Those interested in pursuing or continuing to pursue their A.C.S.B Designation will be required to register withMcMaster University Continuing Education for upcoming courses, in addition to registering at the program level with the Surety Association of Canada.

For more media inquiries, please contact:

Karen Hamilton
Assistant Director, Marketing & Enrolment McMaster University Continuing Education P: (905) 525-9140 ext. 23363

Sharon Clark-Koufis
Director of Membership & Stakeholder Services A.C.S.B. Designation Program Administrator Surety Association of Canada
P: (905) 677-1353 ext. 202

About McMaster University Continuing Education:
McMaster University Continuing Education is one of Canada’s largest and leading providers of academic certificate and diploma programs, professional development education, and corporate training. Programs are available in Business & Management, Communication & Design, Health & Social Services and Metallurgy.

About the Surety Association of Canada:
The Surety Association of Canada (SAC) is the national trade advocacy association that represents the interests of the surety industry across Canada. Its members consist of primary surety firms, surety reinsurers, surety/insurance brokers, and other organizations that provide related and complementary services to the surety industry.

While the majority of the surety industry’s premium revenue is derived from construction contract bonds, SAC also represents the interests of those organizations that focus on non-contract or commercial surety. SAC does not represent or advocate on behalf of the fidelity bond industry.

Since its formation in 1992, SAC has become a trusted resource for construction purchasers, design professionals, contractors, suppliers and other stakeholders in construction and business communities. SAC has developed its own bond forms in response to industry need and in consultation with the construction industry.

SAC and its members regularly meet with owners, contractors, other associations and related organizations to educate them about surety bonds and the suretyship process. SAC also monitors legislation across the country that will impact its members and works diligently to advance the surety cause with lawmakers and government officials.

McMaster Continuing Education and Surety Association of Canada Announce New Partnership