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Parent company installed Eric Martineza Jr. as CEO of Unitec Guaranty on June 1. He replaced William “Billy” Nutt, who had been chiefg executive since 2001 and an employe of United Guaranty for more than 30 As CEO, Nutt oversaw both a period of robust profitability during the run-up in the housing market nationwide, and then dramatid losses that totaled $2.5 billion in 2008. Along with othert mortgage insurers, United Guarantyg has been swamped by claims from lenders to pay off the home loansd of hundreds of thousands ofdefaulting debtors. From his Nutt referred all questions toUnitee Guaranty. Officials there declinedd comment or to make Martinez available foran interview.
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