UnitedGuaranty Corp. on March 30 filed a registration statement on FormS-1 with the SEC for a proposed IPO of its common stock.

As part of its strategic actions, , UnitedGuaranty's parent company, isoffering an undisclosed number of United Guaranty common shares.The price range for the offering has not yet been determined. The proposedmaximum aggregate offering price is $100 million, estimated solely to calculatethe registration fee and includes the offering price of common shares that theunderwriters have the option to purchase. United Guaranty plans to list itsshares on the NYSE.

United Guaranty will not receive any proceeds from theoffering.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLCare acting as representatives of the underwriters for the offering.