The Guarantee has named Stephen C. Ruschak (pictured) as CEO of both The Guarantee Company of North America and The Guarantee Company of North America USA.
Ruschak replaces Jules Quenneville, who returns to serving as president and co-CEO of Princeton Holdings Limited; Quenneville will also continue to serve as a member of the board of directors of The Guarantee Company of North America. In addition to his new responsibilities, Ruschak will continue to hold the position of president of The Guarantee Company of North America USA.
Donna Barclay will also continue to serve as president and chief operating officer of The Guarantee Company of North America, reporting to Ruschak.
Ruschak joined The Guarantee in 2009 as president of the North America USA operation. In that role, he built a strong team and has driven profitable growth in the USA, a release said. Ruschak has a diverse background in insurance, which includes experience in claims, underwriting, reinsurance and surety.
He graduated from Albion College in Michigan, with a BA in History. Ruschak earned his JD from the University of Detroit School of Law and his MBA from The University of Chicago Booth School of Business. Ruschak is a member of the board of directors of the Surety and Fidelity Association of America, serving on the executive committee.
Ruschak is also a former president of the National Association of Independent Sureties.