ACGL entered the mortgage insurance market with the 2014 acquisition of AMIC and the 2016 acquisition of UGRIC. ACGL's gross premiums written for 2021, excluding the other segment, were 47% insurance, 41% reinsurance and 12% mortgage.Īrch MI helps ACGL to diversify its earnings and company profile, utilizing conservative underwriting and risk management standards and an experienced team to operate the business, thus allowing the company to better manage the cyclical underwriting conditions of the mortgage guaranty insurance market. Multiple Business Strategy: ACGL, Arch MI's parent company, has a three-prong product strategy consisting of primary insurance, reinsurance and mortgage insurance that provides the company flexibility to emphasize various products when market conditions are favorable. Arch MI is one of four legacy USMIs that wrote business prior to the 2007-2009 recession, and thus has residual exposure to mortgages written under the previous underwriting standards. mortgage insurers (USMIs) based on new insurance written (NIW), with an 18.1% market share in 2021 and 18.5% for 9M22. The ratings also consider the strong financial performance and earnings.įavorable Company Profile: Arch MI is the second largest of the six active U.S. mortgage insurance operating subsidiaries: Arch Mortgage Insurance Company (AMIC), United Guaranty Residential Insurance Company (UGRIC) and Arch Mortgage Guaranty Company (AMGC), collectively Arch MI.Īrch MI's ratings reflect the company's favorable ('a-' IFS credit factor score) company profile, very strong capitalization and one notch uplift from ownership/group support. Fitch Ratings has assigned an 'A+' (Strong) Insurer Financial Strength (IFS) rating to Arch Capital Group Ltd.'s (ACGL) U.S.
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