Arch Capital Group completed the acquisition of the mortgage insurance business of Old Republic International for $140m.

Arch Capital Group, an insurance company, completed the acquisition of the mortgage insurance business of Old Republic International, an American property insurance and title insurance company, for $140m. “We are pleased that this deal has closed according to originally agreed terms, with regulatory approval, and look forward to integrating RMIC into Arch MI’s existing US primary mortgage portfolio,” David Gansberg, Arch Capital CEO of Global Mortgage Group.