United Guaranty Names Brian Gould Chief Operating Officer
Michael Hitt Promoted to Senior Vice President
Preparing for Growth, Company Draws Upon Veteran Leadership
GREENSBORO, NC, May 21 2013
United Guaranty Corporation has named Brian Gould Chief Operating Officer (COO). Gould, who joined the company in 1999, now oversees underwriting, claims, loss mitigation, customer support, and business analytics, as well as the company's service operations and enterprise services groups. Gould also has functional oversight of these areas for United Guaranty's international businesses.
"Brian's understanding of every aspect of our business will be crucial as United Guaranty responds to the long-awaited housing industry recovery," said United Guaranty President and CEO Donna DeMaio. "In addition, his skill in handling very complex interactions between United Guaranty and its customers, regulators, and other stakeholders has been thoroughly proven. We're very lucky to have him as COO as we execute our plans for growth."
Gould previously oversaw the company's loss management, underwriting, and servicing functions including management of policies and procedures for those three large groups. Prior to that, he served as Senior Vice President–Education Loans.
Gould joined the company in 1999 as manager of pool operations and subsequently was assigned to the company's structured products group. He earned the Associate in Claims (AIC) designation in 1996 and the Chartered Property Casualty Underwriter (CPCU) designation in 2002. He holds B.A. in Economics with a minor in Business Administration from the University of North Carolina at Chapel Hill and an M.B.A. from the University of North Carolina at Greensboro.
Michael Hitt Promotion
Gould has made changes within his own organization to create more efficient structures, provide flexibility, and enhance customer experience as the company grows. As part of those changes, Michael Hitt has been named Senior Vice President–Insurance Operations. Hitt, who was formerly Vice President, will report to Gould in the expanded management role.
Hitt joined United Guaranty in 1996 and has managed groups in several areas, including analytics, digital operations, training, business systems, underwriting, claims, loss mitigation, and servicing. He holds a B.A. in Mathematics from Clemson University.
About United Guaranty
United Guaranty Corporation and its subsidiaries provide innovative, quality risk solutions that help mortgage lenders remain competitive while generating a profitable and responsible book of business for their stakeholders. Products include first-lien private mortgage insurance—most notably Performance Premium®, an industry-leading risk-based pricing option. Among United Guaranty's suite of loan analysis and risk management tools are indices that measure loan risk and geographic quality. United Guaranty was established in Greensboro, North Carolina, in 1963 and is a company of American International Group, Inc.
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Jo Fleischer, Director – Media Relations
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