Arch US MI Holdings Inc, a wholly-owned subsidiary of Bermudian-based Arch Capital Group Ltd, has acquired RMIC Companies Inc and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation.

“We are pleased that this deal has closed according to originally agreed terms, with regulatory approval, and look forward to integrating RMIC into Arch MI’s existing US primary mortgage portfolio,” said David Gansberg, chief executive officer of Arch’s Global Mortgage Group.