AIG United Guaranty Expands International Presence to Pursue Asian Opportunities; Taiwan Is Latest Office for Growing Asian Business.GREENSBORO, N.C. -- AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group United Guaranty(1), whose affiliate companies provide mortgage guaranty insurance designed to increase homeownership, has announced several major developments in its Asia expansion efforts. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Doug Rivenburgh, senior vice president and group executive-International Group, "These developments build logically on our Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. operations, which were initially developed in partnership with the Hong Kong Mortgage Corporation." Leading efforts in Asia will be Chris Wei, who has joined United Guaranty as vice president and regional manager of AIG United Guaranty's Asia-based operations and development efforts, based in Hong Kong. Wei's broad background in insurance includes a recent position as chief risk officer with Allstate Canada. In addition, AIG United Guaranty has secured the first and only mortgage insurance license in Taiwan. Operations in Taiwan are being led by John Chang, who assumed country management responsibilities in May 2004. Chang's background includes mortgage lending with Citibank and management of Aegon's bancassurance Bancassurance A French term referring to the selling of insurance through a bank's established distribution channels. Notes: The result is a bank that can offer banking, insurance, lending, and investment products to a customer. team in Taiwan. According to Rivenburgh, these steps support intensified efforts to establish mortgage insurance operations elsewhere in Asia, expanding on the successful business relationship begun with the Hong Kong Mortgage Corporation in 1999. "AIG United Guaranty is actively exploring several Asia markets including Korea, Japan, China, and India," he said. "These steps reflect our long-term commitment to global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. , with strong emphasis on Asia." Although the company will focus on delivering mortgage default insurance to product lenders against losses on mortgages that go into foreclosure, AIG United Guaranty is exploring other mortgage-finance related services and products. The subsidiaries of United Guaranty Corporation (UGC See user-generated content. ), with 29 locations worldwide, provide mortgage guaranty insurance and other mortgage-related financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to mortgage lenders and investors. Current operations include locations in Israel, Hong Kong, Taiwan, and Madrid, with business development offices in London, Milan and Mexico City (August 2004). UGC is a member company of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG), the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. (1)AIG United Guaranty is a marketing term for United Guaranty Corporations and its subsidiaries. |
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