Genworth Financial has appointed Michael Derstine as the new chief risk officer (CRO) for its US Mortgage Insurance (USMI) unit, effective from 03 January 2013. Derstine joins Genworth from Republic Mortgage Insurance Company (RMIC), ...
Tags: USMI, Genworth Financial, Michael Derstine, CRO
American International Group(AIG)has inked a$400m reinsurance transaction with Compass Re to provide peak-zone protection against US hurricanes and earthquakes. In order to fund its potential obligations to AIG,Compass Re has also issued ...
Tags: AIG inks, 400m dollars reinsurance coverage, deal with Compass Re
Philadelphia-based mortgage insurer Radian and Lender Processing Services (LPS) have completed an interface to offer mortgage insurance (MI) in Loan Origination and Ordering Process. Radian chief franchise officer Brien McMahon said, ...
Tags: Radian, Mortgage Insurance, PCLender
Radian Guaranty, a mortgage insurance firm, will provide Mortgage Insurance (MI) on loans within the Mortgage Harmony's HamonyLoan platform aimed to assist homeowners refinance quickly and easily. Capable of applying to fixed-rate or ...
Tags: Radian Guaranty, Mortgage Insurance, HamonyLoan platform
Bailed out US insurer American International Group (AIG) is creating hassels to prevent attempts by US homeowners to refinance their government-backed mortgages. AIG is reluctant to automatically waive its right to pursue lenders for ...
Tags: American International Group, government-backed mortgages, underwriter
Genworth Financial, a life and mortgage insurer, has agreed to pay a sum of $2.25m to its former chief executive Michael Fraizer, as part of an separation agreement. Fraizer, who has been associated with the firm since 2004, stepped down ...
MphasiS-Wyde has officially unveiled Wynsure v4.7, an end-to-end multi-line insurance platform designed to manage multiple lines of business including group, individual, property & casualty, health and mortgage insurance. MphasiS-Wyde for ...
Tags: MphasiS-Wyde, insurance platform, individual insurance
Citizens Against Government Waste (CAGW) has reproved the US Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) for recklessly issuing mortgage insurance to thousands of ineligible borrowers. ...
Tags: CAGW, HUD, tax offenders
The Plateau Group has entered into an agreement to acquire Individual Assurance Company's (IAC) credit and group mortgage insurance business in an undisclosed reinsurance transaction. As part of the agreement, major part of the IAC sales ...
Tags: Plateau Group, Individual Assurance Company, acquisition
Genworth Financial has reported a net income of $76m, or $0.16 diluted earnings per share, for the second quarter of 2012, compared to a net loss of $136m, or $0.28 diluted loss per share, for the same period in 2011. The total revenues ...
Tags: Genworth Financial, net income, second quarter, finance
Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corporation, is offering mortgage insurance through Ellie Mae's Encompass360 mortgage management software. The new integration is expected to enable ...
Tags: Mortgage Guaranty Insurance Corporation, mortgage insurance, software
The California Insurance Department (CDI) has authorized National Mortgage Insurance Corporation (National MI) to write mortgage insurance in the state. National MI president and CEO Bradley Shuster said, "Approval by the California ...