Over the past few years PMI Europe has worked to establish its presence throughout Europe and now the group plans to lobby for the use of mortgage insurance on a continental European platform. Christian Pierotti, PMI Europe's first head of governmental affairs, will be undertaking the initiative.
The creation of this new position reinforces PMI's development of European operations. The new role recognizes the European potential to embrace credit risk management techniques such as residential mortgage insurance. PMI said that the ultimate effect of this lobbying effort is to make fully available in Europe what is widely used in the U.S., Australia, Canada and Hong Kong.