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Arch Capital to acquire Westpac Lenders Mortgage Insurance in Australia

By Pallavi Madhiraju on March 18, 2021 General business news

Bermuda-based insurance company Arch Capital Group has agreed to acquire Westpac Lenders Mortgage Insurance Limited (WLMI) from Westpac Group for an undisclosed price. The acquisition is being carried out by Arch Capital’s Global Mortgage Group. Westpac Lenders Mortgage Insurance is a captive lenders mortgage insurance (LMI) provider to Westpac. It is authorized by the Australian […]

Arch Capital Group to take full ownership of Watford Holdings

By Pallavi Madhiraju on October 11, 2020 General business news

Arch Capital acquisition of Watford : Arch Capital Group has signed an all-cash deal worth around $622 million to take full ownership of Watford Holdings, a Bermuda-based property and casualty (P&C) insurance and reinsurance company. Watford Holdings has nearly $1.0 billion in capital as of 30 June 2020, comprised of $172.6 million of senior notes, […]