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From our Regional Centre in London, AIG United Guaranty works closely with lenders and investors to manage existing operations in Europe.
Due to a turbulent economic environment, AIG United Guaranty recently suspended new business production in Europe. We currently maintain staff in a number of European locations and continue to provide claims payment support and outstanding customer service to our existing lending partners in Italy, Spain, Hungary and the UK.
AIG United Guaranty continues to pay all valid claims on existing policies. It is our intention to maintain local risk, claims and operations to assess, handle and manage claims as well as working with lenders on development of effective risk mitigation options during this period.
AIG United Guaranty continues to monitor and evaluate these recently suspended markets on a periodic basis. We believe mortgage insurance will continue to be accepted as a strong and reliable risk management option in international housing markets – enabling AIG United Guaranty to return to the European markets, as a stronger insurance company – once the widespread credit and housing finance crises are resolved.
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