UGC deal prompts AM Best Arch review

AM Best has placed several ratings of Bermudian carrier Arch
Capital "under review with developing implications"
following its deal to acquire AIG's mortgage insurance arm
United Guaranty Corporation (UGC).
The agency said that the A+ financial strength rating (FSR) and
aa- issuer credit rating (ICR) of Arch Reinsurance and affiliates
would be placed under review, in addition to the a- ICRs of Arch
Capital Group and Arch's US business.
AM Best said that it would monitor the deal over its...