Insurance Advisory Partners Acted As Exclusive Financial Advisor To Old Republic In Connection With The Sale Of Its Run-Off Mortgage Insurance Business, RMIC, To Arch Capital Group.

Insurance Advisory Partners Acted As Exclusive Financial Advisor To Old Republic In Connection With The Sale Of Its Run-Off Mortgage Insurance Business, RMIC, To Arch Capital Group.

On November 13, 2023, Old Republic International Corporation (“ORI”) announced that it has entered into a definitive agreement to sell its run-off mortgage insurance business to Arch Capital Group, Ltd. (“Arch”). ORI’s run-off mortgage insurance business is comprised of RMIC Companies, Inc. and its subsidiaries. In the transaction, Arch U.S. MI Holdings will acquire all of the capital stock of RMIC Companies, Inc. and its subsidiaries for an expected consideration of approximately $140 million.

Insurance Advisory Partners acted as exclusive financial advisor to Old Republic International Corporation in connection with the transaction.

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