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AIG United Guaranty began its Hong Kong operations in 1999 with a long-term reinsurance agreement with the HKMC, a government entity created to support the residential mortgage market.
Today, we provide a broad range of mortgage insurance and reinsurance products through our subsidiary, AIG United Guaranty Insurance (Asia) Limited, which was created to expedite our ability to serve mortgage lenders throughout the region. Because of this new capability, we are actively developing new opportunities to offer insurance, reinsurance, and structured credit protection to lenders throughout Asia.
Other Asian Locations
- Outside of Hong Kong, we are the only licensed mortgage insurer in Taiwan, serving the market up to 95% LTV. One of our chief goals is to help Taiwan's financial regulator ensure safety and soundness within the housing finance market.
- AIG United Guaranty's Seoul office explores new opportunities in South Korea and monitors the developments in a mortgage market that has experienced exponential growth over the last five years. The Korean government has identified mortgage insurance as a key tool towards prudently expanding residential mortgage lending in order to make home ownership a viable reality at a younger age.
- Together with AIG's extensive Japanese operations, our Tokyo office focuses on developing Japan's mortgage market, which is the largest in Asia and one of the largest in the world.
- Finally, our liaison office in Mumbai is monitoring India's emerging mortgage market for the second most populous country in the world. Along with China, India is one of the fastest growing housing finance markets in the world.
- AIG United Guaranty has formed AIG Mortgage Risk Solutions in Sydney, Australia, which strives to offer lenders new products and services providing material differentiation from our competition thereby offering our customers a genuine alternative in Australia's long-established mortgage insurance market.
Finally, our business development office based in Hong Kong explores new opportunities throughout the region, with current focus on China, Malaysia, Thailand and Indonesia.
Chris Wei, Vice President & Regional Head – Asia
Suites 4201-3, Tower One, Times Square,
1 Matheson Street, Causeway Bay,
Hong Kong
Phone: 852.3405.6600
Fax: 852.2506.1291
E-mail:
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