Mortgage insurance will be 50% of Arch earnings

Arch expects its enlarged mortgage insurance business to
generate 50 percent of group earnings after the integration of
United Guaranty Corporation (UGC), chairman and CEO Dinos Iordanou
said during an analyst call today.
After markets closed in the US yesterday, Arch confirmed earlier
reports in the Wall Street Journal that it was to acquire
AIG's UGC for a total consideration of $3.4bn.
The deal will create the largest private mortgage insurer in the
world.
Investors welcomed the news, with Ar