![]() Marc Grandisson, Chairman and CEO of Arch Worldwide Reinsurance Group, is responsible for ACGL’s global mortgage insurance and reinsurance operations. In addition to traditional mortgage insurance, affiliates of ACGL provide various risk sharing products to mortgage lenders as well as Fannie Mae and Freddie Mac.” MI will complement ACGL’s existing European Union-based mortgage insurance and global reinsurance operations. “The acquisition broadens ACGL’s existing global mortgage insurance and reinsurance capabilities. MI to gain immediate access to the credit union marketplace. These arrangements with CUNA Mutual will provide CMG MI’s existing customer base with a seamless transition and also will enable Arch U.S. MI entered into a distribution agreement with CMFG Life Insurance Company (CUNA Mutual) and a reinsurance agreement with an affiliate of CUNA Mutual. MI with mortgage insurance licenses across the United States and a comprehensive mortgage insurance operating platform. mortgage insurance marketplace immediately and allows the Company to serve all lenders nationwide, including CMG MI’s existing credit union customers. The bulletin explained that the “completion of the transaction enables Arch U.S. As part of the transaction, CMG MI, which will be renamed ‘Arch Mortgage Insurance Company,’ has obtained approval as an eligible mortgage insurer from Fannie Mae and Freddie Mac, subject to maintaining certain ongoing requirements.” MI) have completed the acquisition of CMG Mortgage Insurance Company (CMG MI) and the mortgage insurance operating platform of PMI Mortgage Insurance Co. (ACGL) announced that its “U.S.-based subsidiaries (Arch U.S. ![]() The Bermuda-based Arch Capital Group Ltd.
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