Arch Capital Group Ltd. Closes Acquisition Of Westpac Lenders Mortgage Insurance Limited
Acquiring Company
Arch Capital Group Ltd.
Acquired Company
Westpac Lenders Mortgage Insurance Limited
BermudaFinancial ServicesFinanceLendingInsurtechInsuranceDescription
Arch Capital Group Ltd. [NASDAQ: ACGL] today announced the completion of the previously disclosed acquisition of Westpac Lenders Mortgage Insurance Limited (WLMI), an Australian Prudential Regulation Authority (APRA) authorized captive lenders mortgage insurance (LMI) provider to the Westpac Group (Westpac). With the transaction complete, Arch will proceed with combining the operations of WLMI with its existing Australian LMI company, Arch LMI Pty Ltd.
Quick answer
Arch Capital Group Ltd. is acquiring Westpac Lenders Mortgage Insurance Limited, announced August 31, 2021. Arch Capital Group Ltd. is based in Bermuda.
- How much did Arch Capital Group Ltd. pay for Westpac Lenders Mortgage Insurance Limited?
- The deal value was not disclosed.
- What does Arch Capital Group Ltd. do?
- Arch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $16.7 billion in capital at June 30, 2021, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its..
- Where are Arch Capital Group Ltd. and Westpac Lenders Mortgage Insurance Limited based?
- Arch Capital Group Ltd. is based in Bermuda.
- Who are the decision-makers at Arch Capital Group Ltd?
- Fundz holds 2 contacts at Arch Capital Group Ltd. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Arch Capital Group Ltd., and when
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Frequently asked
Who acquired Westpac Lenders Mortgage Insurance Limited?
Westpac Lenders Mortgage Insurance Limited was acquired by Arch Capital Group Ltd., based in Bermuda. The deal was reported on August 31, 2021. Arch Capital Group Ltd. is publicly traded (ACGL) and operates in Financial Services.
When did Arch Capital Group Ltd. acquire Westpac Lenders Mortgage Insurance Limited?
Arch Capital Group Ltd.'s acquisition of Westpac Lenders Mortgage Insurance Limited was reported on August 31, 2021. Arch Capital Group Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Westpac Lenders Mortgage Insurance Limited do?
Westpac Lenders Mortgage Insurance Limited is the company acquired in this transaction. It is privately held.
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