Arch M.I. to Buy Far Bigger Rival United Guaranty

With the upcoming acquisition of its much larger rival, Arch Mortgage Insurance Co. will become the biggest mortgage insurance company in the industry.

Arch Capital Group Ltd. said in its second-quarter earnings report that Arch M.I. wrote $6.4 billion in new insurance — more than doubling from a year earlier.

But even with the stunning growth, that was no match for United Guaranty Corp., which parent AIG reported wrote $13.0 billion during the same period.

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From:: Financing