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From our Regional Centre in London, AIG United Guaranty works closely with lenders and investors throughout the EMEA region to manage expanding operations in 11 countries.
Regional operations were launched in 1998, with the establishment of EMI-Ezer Mortgage Insurance Company in Israel, which served to expand housing opportunities for the growing Israeli economy by facilitating the development of Israel’s high-LTV mortgage lending market, with loans available up to 95% LTV. Five years later, AIG United Guaranty expanded into Spain, and later Italy, where we are currently providing MI to leading banks for loans up to 100% LTV.
In 2005, AIG United Guaranty commenced Central and Eastern European (CEE) operations in Hungary, with home acquisition and home equity loans available up to 90% of the purchase price. In the same year, Nordic Region operations began in Copenhagen, where we provide insurance coverage for second liens on home purchases and home equity loans in Denmark up to 100% LTV. In 2006, we expanded into Norway, providing MI protection for first-lien residential loans up to 100% LTV.
In 2006, AIG United Guaranty also opened a continental hub in Paris to manage expanding business development activities in new countries throughout Western Europe and the CEE region and to oversee our specialized programs for multinational lenders. Concurrently, we began insuring a wide range of traditional and non-conforming home acquisition, home equity, and debt consolidation loans for both first and second charges in Europe’s largest and most diversified mortgage market, the United Kingdom. Later that year, UG established operations in the Polish and Portuguese markets. |
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