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AIG appoints new CEO for United Guaranty

AIG appoints new CEO for United Guaranty

American International Group has appointed Eric Martinez, Jr, as the new CEO of United Guaranty, a provider of mortgage guaranty insurance based in Greensboro, North Carolina. He succeeds William Nutt, who has left the company.

Mr Martinez has worked with American International Group (AIG) since January 2009 in a variety of positions, including a leadership role at AIG Global Real Estate.

Prior to joining AIG, Mr Martinez was executive vice president of claims, customer care and business operations for Safeco in Seattle, Washington.

Paula Reynolds, vice chairman and chief restructuring officer of AIG, said: "Eric is a very talented executive and well suited to the task ahead. He has successfully realigned organizations to meet new challenges and I am confident that he will make significant progress in setting a successful strategy for United Guaranty."