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ACGLP - Arch Capital News Story

$25.5 0.0  0.0%

Last Trade - 07/05/21

Sector
Financials
Size
Large Cap
Market Cap £11.77bn
Enterprise Value £14.47bn
Revenue £6.00bn
Position in Universe 695th / 6858

BRIEF-Arch Capital Group Ltd To Acquire Westpac Lenders Mortgage Insurance Limited

Thu 18th March, 2021 12:35am
March 17 (Reuters) - Arch Capital Group Ltd  ACGL.O :
    * ARCH CAPITAL GROUP LTD TO ACQUIRE WESTPAC LENDERS MORTGAGE
INSURANCE LIMITED
    * WLMI TO RETAIN ITS EXISTING RISK IN FORCE
    * ARCH CAPITAL - UPON COMPLETION OF TRANSACTION, CO INTENDS
TO
COMBINE OPERATIONS OF WLMI & ITS EXISTING AUSTRALIAN LMI
COMPANY, ARCH LMI PTY LTD
    * WLMI WILL BECOME WESTPAC'S EXCLUSIVE PROVIDER OF LMI ON
NEW
MORTGAGE ORIGINATIONS FOR A PERIOD OF 10 YEARS

Source text for Eikon:  ID:nBwTfJvda 
Further company coverage:  ACGL.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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