Wilbur Ross Seen As Top Bidder For AIG's Mortgage Insurance Unit

September 15, 2009 9:52 AM EDT

Investor Wilbur Ross is reportedly the leading bidder for mortgage insurer United Guaranty Inc., a unit of American International Group (NYSE: AIG), according to the American Banker. Wilbur Ross's W.L. Ross & Co. owns various mortgage insurance related assets and he could be looking to add this unit into the fold of the various mortgage companies he already owns.

The report said it wasn't known whether Ross is interested in bidding for all or part of the AIG unit or if he has partners for such an offer.

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