GREENSBORO, NC —AIG United Guaranty Mexico, S.A., a subsidiary of United Guaranty Corporation, has received approval from Mexico’s Minister of Finance to operate as a licensed mortgage insurer in Mexico. Since 2004, AIG United Guaranty has provided, through a U.S.–based subsidiary, mortgage guaranty insurance coverage for loans guaranteed by SHF (Sociedad Hipotecaria Federal, S.N.C.), Mexico’s federal mortgage lending institution. The company also initiated operations with several key mortgage lenders in Mexico. Now, with the local license, AIG United Guaranty Mexico can provide mortgage insurance products directly to mortgage lenders. The company plans to begin writing business locally in September.

“Over the past four years since we began working in Mexico, we have focused on building relationships with both SHF and the mortgage lenders,” said Octavio Figueroa, country manager. “Now that we can write business directly with lenders, we are pleased to use our international experience to provide Mexican lenders with a new option in private mortgage insurance.”

With 21 employees, the Mexico office is AIG United Guaranty’s fifteenth international operation. The company is writing business in established mortgage markets, such as Canada, Israel and Hong Kong, as well as developing markets, such as South Korea and Hungary.

About AIG United Guaranty
AIG United Guaranty is the marketing term for the United Guaranty Corporation and its subsidiaries, which are member companies of American International Group, Inc. (AIG). The company has been headquartered in Greensboro, North Carolina, since it was established in 1963. Subsidiaries of AIG United Guaranty provide mortgage guaranty insurance for first and second mortgages that protects against mortgage credit losses. With offices and operations in 15 countries, the company is a global leader in the area of mortgage insurance. In addition, AIG United Guaranty’s comprehensive range of financial products and services to lenders and investors includes private education loan default insurance and pre-purchase counseling.

About AIG
American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

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