AIG’s Canadian mortgage insurance company re-branded as Canada Guarantee

AIG United Guaranty Mortgage Insurance Company Canada has been renamed Canada Guaranty Mortgage Insurance Company. An investor group, led by the Ontario Teachers’ Pension Plan and including National Mortgage Guaranty Holdings, Inc., completed the acquisition of AIG United Guaranty Mortgage Insurance Company Canada from American International Group Inc. (AIG). The terms of the transaction were not disclosed. Canada Guaranty Mortgage Insurance Company had assets of $270 million and total equity of $118 million as of Dec. 31, 2009.The mortgage insurance company will continue to serve the Canadian market from its Toronto headquarters.