Arch completes acquisition
Created: Jun 04, 2024 04:02 PM
David Gansberg, chief executive officer of Arch’s Global Mortgage Group (File photograph)
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.
Comments
Published June 04, 2024 at 4:02 pm (Updated June 04, 2024 at 4:02 pm)
What you
Need to
Know
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon
