Announced
Financials
Sources
Tags
mortgage insurance
Acquisition
United States
Insurance Brokers
Majority
Private
Domestic
Private Equity
Pending
Friendly
Single Bidder
Synopsis
Arch MI, an investment company, agreed to acquire RMIC Companies, a mortgage insurance company. Financial terms were not disclosed. “Our ability to leverage the scale of our platform to gain significant expense and capital synergies makes this an attractive financial transaction for Arch. Our teams are experienced and proficient at acquiring and integrating mortgage insurance companies, which we expect will help us quickly maximize the value of this acquisition,” David Gansberg, Arch’s Global Mortgage Group CEO,
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