We/Our/Us means ATC acting under a binder as an agent of certain underwriters at Lloyd's. Pursuant to the terms of the settlement agreement, NMIH and its insurance carriers made a settlement payment in favor of Arch MI in an amount that NMIH did not consider material and Arch MI released the defendants from all claims alleged in the Complaint.Īpproximately one year later, on August 1, 2013, while still employed at Radian, Bolen meet with Richard Izen (“Izen”), the Executive Vice President of Sales & Marketing for the Arch Defendants, to interview for employment with Arch MI Services.Īrch MI must seek prior approval from Freddie Mac to make Material alterations to any of the three Reinsurance agreements it has entered into as required under Section A.3, and shall provide notice of any such alteration no later than thirty (30) calendar days prior to the date on which it is proposed to take effect. If mortgage loan is subject to MI and the MI provider is not Arch MI, Essent Guaranty, Enact formerly known as Genworth, MassHousing, MGIC, National Mortgage Insurance, Radian Guaranty, RMIC or United Guaranty please provide evidence of insurer approval.Īrch MI Holdings is a wholly owned subsidiary of ACG US, which is a wholly owned, indirect subsidiary of ACGL, a Bermuda company. The vast majority of employees that provide operational, financial and legal services to this group are employed by Arch MI Services.ĪCGL indirectly acquired 100% ownership of the companies now known as Arch Mortgage Insurance Company, Arch Mortgage Assurance Company (Arch MA) (formerly CMGA) and Arch Mortgage Reinsurance Company ( Arch MI Re) (formerly CMG Re) on January 30, 2014, from their joint venture owners, PMI and CUNA Mutual.Īs of December 31, 2015, the non-audited financial statements of Arch MI Holdings reported assets of $374.1 million, liabilities of $95.1 million and shareholders’ equity of $279 million. Should any right, title or interest in or to the Xxxx or any part thereof or any copyright or trademark related thereto become vested in the Licensee, the Licensee will at the request of the Licensor unconditionally and without charge assign any such right, title or interest to the Licensor. Arch MI Holdings owns 100% of the shares of Arch MI, AMG and Arch MA.
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