The company said its subsidiary Arch U.S. MI Holdings Inc. acquired RMIC Companies, Inc. and its wholly owned subsidiaries from Old Republic International Corporation on June 3, 2024. Together, they comprise Old Republic's run-off mortgage insurance business.

8-KRegulation FD DisclosureFiled Jun 3, 2024Period of report Jun 3, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said its subsidiary Arch U.S. MI Holdings Inc. acquired RMIC Companies, Inc. and its wholly owned subsidiaries from Old Republic International Corporation on June 3, 2024. Together, they comprise Old Republic's run-off mortgage insurance business.
The company said the deal closed as originally agreed, with regulatory approval. It said the definitive agreement was first announced on November 13, 2023, and the deal closed on June 3, 2024.
The company said David Gansberg, Chief Executive Officer of Arch's Global Mortgage Group, expects RMIC to be integrated into Arch MI's existing U.S. primary mortgage portfolio.
Arch Capital Group said Jefferies LLC served as its financial advisor and Eversheds Sutherland served as its legal advisor. It also said its capital was approximately $22.1 billion as of March 31, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Arch MI Completes Acquisition of RMIC

The company said its subsidiary Arch U.S. MI Holdings Inc. acquired RMIC Companies, Inc. and its wholly owned subsidiaries from Old Republic International Corporation on June 3, 2024. Together, they comprise Old Republic's run-off mortgage insurance business.

Source · Based on the filing body and exhibits

Closing on Agreed Terms and Regulatory Approval

The company said the deal closed as originally agreed, with regulatory approval. It said the definitive agreement was first announced on November 13, 2023, and the deal closed on June 3, 2024.

Source · Based on the filing body and exhibits

Plan to Integrate Into Existing U.S. Mortgage Insurance Portfolio

The company said David Gansberg, Chief Executive Officer of Arch's Global Mortgage Group, expects RMIC to be integrated into Arch MI's existing U.S. primary mortgage portfolio.

Source · Based on the filing body and exhibits

Advisors and Company Capital Level

Arch Capital Group said Jefferies LLC served as its financial advisor and Eversheds Sutherland served as its legal advisor. It also said its capital was approximately $22.1 billion as of March 31, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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