Arch Capital to acquire Westpac Lenders Mortgage Insurance.

Arch Capital, a provider of financial services, agreed to acquire Westpac Lenders Mortgage Insurance, a lenders mortgage insurance provider. Financial terms were not disclosed. “Australia has been and continues to be an important market for our mortgage insurance business. This acquisition reinforces our commitment to both the market and our clients and enhances Arch’s position as a leading provider of LMI in Australia. We look forward to continuing our long-standing partnership with Westpac by being their exclusive provider of LMI and will remain focused on providing innovative solutions and excellent service to clients across Australia," David Gansberg, Arch Capital Group CEO.