M&A
confidence high
sentiment positive
materiality 0.60
Arch MI completes acquisition of RMIC from Old Republic International
ARCH CAPITAL GROUP LTD.
- Arch U.S. MI Holdings, a subsidiary of Arch Capital, acquired RMIC Companies from Old Republic.
- Deal closed on June 3, 2024, following regulatory approval.
- RMIC comprises the run-off mortgage insurance business of Old Republic International.
- Definitive agreement was first announced on November 13, 2023.
- Financial terms of the acquisition were not disclosed.