Arch MI (ACGL) to Acquire RMIC Companies

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Go back to Arch MI (ACGL) to Acquire RMIC Companies

Arch MI to Acquire RMIC Companies, Inc.

November 13, 2023 7:00 AM EST

GREENSBORO, N.C.--(BUSINESS WIRE)-- Arch U.S. MI Holdings (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., today announced it has entered into a definitive agreement to acquire RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation.

Once the transaction is closed, RMICs $1 billion risk in force (RIF) portfolio will be integrated into Arch MIs existing U.S. primary mortgage portfolio, which had a RIF of $75.9 billion at Sept. 30, 2023.

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