The companies behind USMI, as the new group is being called, plan to hold a press conference on Monday morning to announce its formation.

"United Guaranty has declined participation in the new trade organization USMI at this time. As part of a larger organization, we leverage AIG and United Guaranty internal resources both in Washington and with state regulators," says UG's CEO Donna DeMaio.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.