Arch closes UGC deal

Arch Capital has completed the acquisition of United Guaranty
Corporation (UGC) from AIG, it announced today.
In August the Bermudian agreed to pay $3.4bn for AIG's
mortgage insurance business, creating the largest private mortgage
insurer in the world.
In a statement today, the firm said the acquisition complemented
its specialty insurance and reinsurance businesses.
Arch's global mortgage operations are led by the
segment's CEO Andrew Rippert, while its US primary mortgage
insurance business i