Arch Capital Group Ltd.
Arch Capital Group Ltd. Announces Acquisition of RMIC from Old Republic
Summary
On June 3, 2024, Arch Capital Group Ltd. through its subsidiary Arch U.S. MI Holdings Inc., completed the acquisition of RMIC Companies, Inc. and its subsidiaries, which comprise the run-off mortgage insurance business of Old Republic International Corporation. The acquisition, initially announced on November 13, 2023, was finalized with regulatory approval and is expected to integrate into Arch MI's existing U.S. primary mortgage portfolio.
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About Arch Capital Group Ltd.
Arch Capital Group Ltd. is a leading global insurance and reinsurance provider, specializing in a diverse range of insurance products and services. Established to meet the unique needs of clients across the globe, Arch Capital offers insurance and reinsurance solutions in property, casualty, and specialty lines. With its headquarters in Bermuda, the company plays a pivotal role in the finance and insurance sectors, leveraging its robust underwriting expertise and financial strength. Catering to a broad spectrum of industries, Arch Capital serves commercial and individual clients, providing risk management solutions tailored to various industries. Its presence spans multiple continents, ensuring comprehensive support and coverage. Arch Capital Group Ltd.'s strategic growth and responsible risk management have cemented its status as a significant player in the global insurance landscape, offering innovative products that address emerging risks and evolving market demands.
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