Arch MI to acquire RMIC run-off mortgage insurance from Old Republic; adds $1B risk in force

ARCH CAPITAL GROUP LTD.

Arch U.S. MI Holdings to acquire RMIC from Old Republic; expected close H1 2024 subject to regulatory approval.
RMIC's $1 billion risk-in-force portfolio will be integrated into Arch MI's $75.9B portfolio as of Sept. 30, 2023.
Arch CEO cites significant expense and capital synergies; describes deal as 'attractive financial transaction'.
Jefferies served as Arch's financial advisor; Eversheds Sutherland as legal advisor.

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