Arch's United Guaranty deal is earnings accretive: analysts

Analysts have reacted positively to Arch's deal to acquire
AIG's mortgage insurance business United Guaranty Corporation
(UGC), claiming the $3.4bn transaction would be earnings accretive
for the Bermudian carrier.
After markets closed in the US yesterday, Arch confirmed earlier
reports in the Wall Street Journal that it was toacquire UGC to create the largest private mortgage insurer in the
world .Investors welcomed the news, with Arch trading up more than 3
percent to $77.09 as markets closed.