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Insurance Brokers M&A image Insurance Brokers M&A » By The Online Investor Staff, updated Fri., Dec. 3, 5:45 PM Recent mergers and acquisitions in the Insurance Brokers M&A category.

Slide #33. Arch Capital Group Ltd. CMG MI and PMI's Operating Platform

Acquirer: Arch Capital Group Ltd. (NASDAQ:ACGL)
Acquiree: CMG MI and PMI's Operating Platform
Details: Arch Capital Group Ltd. (NASDAQ:ACGL) today announced that its U.S.-based subsidiaries (Arch U.S. MI) have completed the acquisition of CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance operating platform of PMI Mortgage Insurance Co. (PMI). As part of the transaction, CMG MI, which will be renamed "Arch Mortgage Insurance Company," has obtained approval as an eligible mortgage insurer from Fannie Mae and Freddie Mac, subject to maintaining certain ongoing requirements.

Arch Capital Group is a holding company. Through its subsidiaries and, through operations in Bermuda, the U.S., Europe and Canada, Co. writes lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance. Co.'s segments are: insurance, which writes business on both an admitted and non-admitted basis; reinsurance, which writes business on both a proportional and non-proportional basis and writes both treaty and facultative business; and mortgage, which operations include U.S. and international mortgage insurance and reinsurance operations as well as government sponsored enterprise credit risk-sharing transactions.

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Preferreds: ARH.PRC, ACGLP



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Company Name: 
Arch Capital Group Ltd
Website: 
www.archcapgroup.com
Sector: 
Insurance Brokers
Number of ETFs Holding ACGL: 
64
Total Market Value Held by ETFs: 
$1.63B
Total Market Capitalization: 
$15.59B
% of Market Cap. Held by ETFs: 
10.42%
 

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Buy (3.29 out of 4)
34th percentile
(ranked lower than approx. 66% of all stocks covered)

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