July 10, 2014 9:13 AM ET

Insurance

Company Overview of United Guaranty Corporation

Company Overview

United Guaranty Corporation, a mortgage insurance company, provides underwriting and risk solutions to mortgage lenders worldwide. The company, through its subsidiaries, provides a range of insurance products and services. It also offers mortgage guaranty insurance for first and second mortgages that protects against mortgage credit losses. The company's range of financial products and services to lenders and investors includes mortgage fraud recovery services and private education loan default insurance. In addition, it provides contract underwriting, customer billing, and underwriting operations to support affiliate companies of United Guaranty Corporation, as well as reinsurance coverage ...

230 North Elm Street

Seventh Floor

Greensboro, NC 27401

United States

Founded in 1963

Phone:

336-373-0232

Fax:

336-230-1946

Key Executives for United Guaranty Corporation

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Chief Operating Officer
President of Domestic Consumer Group and Group Executive of Domestic Consumer Group
President of Canada Operations
Compensation as of Fiscal Year 2014.

United Guaranty Corporation Key Developments

United Guaranty Corporation Announces Executive Appointments

United Guaranty Corporation announced that it has named Tom Parrent as Chief Risk Officer. Parrent comes to the company from American International Group Inc., where he had been Senior Managing Director of Asset Risk Analytics within Corporate Enterprise Risk Management since 2012.Parrent joined United Guaranty in Greensboro when former United Guaranty CRO Jason Berkey was named Chief Portfolio Actuary for AIG's Global Consumer Insurance. With the addition of Parrent, John Gaines was named Senior Vice President, Chief Underwriting Officer and will join the company’s Policy Committee. Gaines, who has been with the company for 16 years, was previously SVP, Deputy Chief Risk Officer.

United Guaranty Corporation Announces Earnings Results for the Third Quarter of 2013

United Guaranty Corporation announced earnings results for the third quarter of 2013. For the quarter, the company reported pre-tax operating income of $43 million compared to pre-tax operating income of $3 million in the third quarter of 2012. Net premiums written increased 24% to $272 million.

United Guaranty Corp. Promotes Brian Gould to COO

American International Group Inc. unit United Guaranty Corp. promoted Brian Gould to COO. Gould currently manages underwriting, claims, loss mitigation, customer support, service operations and business analytics for United Guaranty. Additionally, United Guaranty named Michael Hitt senior vice president of insurance operations. Hitt served as vice president prior to his new appointment.

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