This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Agreement Supports CMG Mortgage Insurance Company's Growth And Continued Industry Leadership

"In order to ensure uninterrupted access to a best-in-class origination and servicing platform, talented underwriting and back-office support, we wanted to find a buyer who had the capability and expertise to continue investing in this unique business," said Sean Dilweg, CUNA Mutual Group vice president and product executive for CMG MI. "We are confident Arch U.S. MI more than fulfills all of these requirements."

"Similar to our successful partnerships with Liberty Mutual and State National Companies, CUNA Mutual Group will use its marketplace knowledge and distribution strengths, combined with Arch's financial strength and commitment to mortgage insurance, to bring a stronger product solution to its credit union customers. We look forward to a strong partnership with Arch."

Arch Capital Group Ltd. (ACGL) is a financially strong international insurer and reinsurer.  ACGL's principal operating insurance and reinsurance subsidiaries have been issued the following financial strength ratings:  "A+" (Superior) by A.M. Best, "A+" (Strong) by Standard & Poor's, "A1" (Good) by Moody's, and "A+" by Fitch Ratings.

For Arch Capital Group Ltd., the agreement allows the company to enter the rapidly improving U.S. mortgage insurance marketplace and broaden its existing mortgage insurance and reinsurance capabilities.

"We are very gratified that this exceptionally strong management team and staff will be joining Arch.  Together with our senior executives, they will form an industry leading team with broad capabilities to meet our clients' needs over the long term," said Marc Grandisson, Chairman and CEO of Arch Worldwide Reinsurance Group. "We are also extremely pleased to partner with CUNA Mutual Group on an ongoing basis.  Their access to the credit union marketplace and brand reputation should allow us to secure a strong flow of credit union business."

ABOUT CMG MI

CMG Mortgage Insurance Company (CMG MI) is the nation's leading provider of mortgage insurance products and services to America's Credit Unions. Licensed in all 50 states, CMG MI operates as a Corporate joint venture between CMFG Life Insurance Company and PMI Mortgage Insurance Co. The company provides private mortgage guaranty insurance to protect credit unions against potential losses in the event of borrower default.  Based in San Francisco, CA, CMG MI serves more than 800 credit unions nationwide and is the only mortgage insurer that designs its services, including products, training, claims and loss mitigation activities, expressly to meet credit unions' unique needs.  For more information, visit www.cmgmi.com.

About CUNA Mutual Group

CUNA Mutual Group insurance, retirement and investment products provide financial security and protection to credit unions and their members worldwide. With more than 75 years of true market commitment, CUNA Mutual Group's vision is unwavering: To be a trusted business partner who delivers service excellence through customer-focused products and market-driven insight. More information is available on the company's website at www.cunamutual.com.

To learn more, follow @CUNAMutualGroup on Twitter, circle +CUNA Mutual Group on Google+, or visit http://www.cunamutual.com

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company. Property and casualty insurance products are issued by CUMIS Insurance Society, Inc. Each insurer is solely responsible for the financial obligations under the policies and contracts it issues. Corporate headquarters are located in Madison, Wisconsin.

© 2012 CUNA Mutual Group, All Rights Reserved

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs