Arch MI completes acquisition of RMIC Companies, Inc. to expand U.S. primary mortgage portfolio
Acquiring Company
Arch MI
Acquired Company
RMIC Companies
GreensboroWinston-SalemFinancial ServicesLendingFinancial ServicesLendingInsuranceDescription
Arch MI, a subsidiary of Arch Capital Group Ltd., has successfully acquired RMIC Companies, Inc., expanding its U.S. primary mortgage portfolio. The acquisition demonstrates Arch MI's commitment to extending responsible homeownership to qualified borrowers and protecting lenders against credit risk.
Quick answer
Arch MI is acquiring RMIC Companies, announced June 3, 2024. Arch MI is based in Greensboro, North Carolina, United States.
- How much did Arch MI pay for RMIC Companies?
- The deal value was not disclosed.
- What does Arch MI do?
- Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., is a leading provider of private insurance covering mortgage credit risk in the U.S. Its mission is to protect lenders against..
- Where are Arch MI and RMIC Companies based?
- Arch MI is based in Greensboro, North Carolina, United States. RMIC Companies is based in Winston-Salem, North Carolina, United States.
- Who are the decision-makers at Arch MI?
- Fundz holds 1 contact at Arch MI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired RMIC Companies?
RMIC Companies was acquired by Arch MI, based in Greensboro. The deal was reported on June 3, 2024. Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., is a leading provider of private insurance covering mortgage credit risk in the U.S. Arch MI is privately held and operates in Financial Services.
When did Arch MI acquire RMIC Companies?
Arch MI's acquisition of RMIC Companies was reported on June 3, 2024. Arch MI, a subsidiary of Arch Capital Group Ltd., has successfully acquired RMIC Companies, Inc., expanding its U.S. primary mortgage portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does RMIC Companies do?
RMIC Companies, Inc. (RMIC) and its subsidiaries comprise the run-off mortgage insurance business of Old Republic International Corporation. It is privately held, operating in Financial Services, and is based in Winston-Salem.
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