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10 May 2016Insurance

AIG secures $300m of indemnity reinsurance coverage for MI portfolio

American International Group (AIG) has announced its mortgage insurance business United Guaranty Corporation (UGC) obtained $298.6 million of indemnity reinsurance from Bellemeade Re II, a special purpose insurer, for a portfolio of mortgage insurance (MI) policies issued in 2008 and prior years.

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