Increased lending activity, particularly among the first home buyer segment, is producing a pick up in business at Genworth Lenders Mortgage Insurance in Australia and New Zealand.While new business is up, claims levels are also up.The June 2009 quarterly financials for Genworth, published this morning, show the insurer paid claims of A$62 million in the June 2009 quarter. Genworth paid claims in a range of between A$32 million and A$43 million in the five prior quarters.The average size of claims, though, is lower than recently at A$64,700 in the June quarter. The average size of claims paid was in the mid to high seventy thousand dollar range over the first half of 2008.New Zealand is producing the highest level of delinquencies for Genworth, at 1.44 per cent of insured loans as of June 2009. In New South Wales the delinquency ratio was 0.68 per cent, with the ratio around 0.3 per cent of lower elsewhere.Loans insured in 2005, 2006 and 2007 are producing the highest level of delinquency, at around 0.8 per cent.Of an insured loan portfolio of US$1.45 billion at June 2009, US$6.5 billion, or 0.45 per cent were classed as delinquent.Genworth said it loss ratio in the second quarter of 2009 was 54 per cent, below the rate of 59 per cent in the first quarter but higher than throughout 2008.New premiums written were US$110 million over the second quarter, up form US$82 million in the first quarter.Net income for the second quarter in Australia was US$32 million, down from US$29 million in the first quarter and US$185 million for calendar 2008.