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Parent company installed Eric Martinez Jr. as CEO of United Guarant y on June 1. He replaced William “Billy” Nutt, who had been chierf executive since 2001 and an employee of Unitex Guaranty for more than 30 As CEO, Nutt oversaw both a period of robustf profitability during the run-ul in the housing market and then dramatic losses that totalede $2.5 billion in 2008. Along with other mortgagse insurers, United Guaranty has been swamped by claim s from lenders to pay off the home loanxs of hundreds of thousands ofdefaultingf debtors. From his home, Nutt referred all questions toUnitexd Guaranty. Officials there declined comment or to make Martine available foran interview.
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