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PMI Seeks to Sell Insurance to Canadians

TSC and IRIS Staff

PMI Group(PMI Quote) said Friday its primary subsidiary PMI Mortgage Insurance has applied for regulatory approval to sell its products in Canada.

The Walnut Creek, Calif.-based company said it has filed an application with the Office of the Superintendent of Financial Institutions to provide mortgage insurance in Canada.

PMI Group operates insurance and reinsurance businesses in the U.S., Europe, Australia, New Zealand and Asia.

PMI Group's shares were at $45.80, down 8 cents, or 0.2%, in recent trading.