PMI Seeks to Sell Insurance to Canadians

It has applied with the government to provide mortgage insurance in Canada.
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PMI Group

(PMI)

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.

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