WALNUT CREEK, Calif.--(BUSINESS WIRE)--Arch MI, Arch Capital Group Ltd.’s U.S. mortgage insurance operation, today announced the launch of Arch Mortgage Guaranty Company (“AMG”). AMG is a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations. AMG has been issued a new insurance financial strength (IFS) rating of ‘A3’ by Moody’s Investors Service, representing their highest IFS rating within the U.S. mortgage insurance industry.
“Arch MI is very pleased to announce the launch of our newest mortgage credit enhancement solution, Arch Mortgage Guaranty, and its ‘A3’ IFS rating from Moody’s Investors Service,” said David Gansberg, President and CEO of Arch MI. “Arch MI continues to provide unique and innovative mortgage insurance solutions to our customers, including the first and only master policy offering “Day 1” rescission relief. AMG provides yet another solution to support our customers’ product expansion in today’s evolving mortgage marketplace and positions us to support our customers’ goals of expanding homeownership opportunities.”
AMG is a separately capitalized entity and not subject to GSE requirements. AMG is uniquely positioned to insure various types of prime, standard and non-standard mortgages, including Jumbo, non-QM and portfolio mortgages on an individual, bulk, or pool basis. With AMG’s highest Moody’s IFS rating in the U.S. mortgage insurance industry, its unique master policy offering the opportunity for ‘Day 1’ rescission relief without the need for the borrower to make twelve consecutive payments, and the ability to insure a wide range of mortgages, Arch MI brings another superior and innovative value proposition to the mortgage insurance marketplace.
ABOUT ARCH MI
Arch Capital Group Ltd.’s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Walnut Creek, CA, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI’s flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia, and Puerto Rico and has a ‘Baa1’ IFS rating from Moody’s Investors Service. Arch MI’s newest active mortgage insurer, Arch Mortgage Guaranty Company, offers credit risk protection on mortgages that will be retained in lenders’ portfolios or included in private securitizations. For more information, please visit www.archmi.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward−looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward−looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.
Forward−looking statements can generally be identified by the use of forward−looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward−looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission.
The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward−looking statement, whether as a result of new information, future events or otherwise.