M&A Deal Summary

Arch Capital Acquires RMIC

On November 13, 2023, Arch Capital acquired insurance company RMIC

Acquisition Highlights
  • This is Arch Capital’s 12th transaction in the Insurance sector.
  • This is Arch Capital’s 5th transaction in the United States.
  • This is Arch Capital’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2023-11-13
Target RMIC
Sector Insurance
Buyer(s) Arch Capital
Deal Type Add-on Acquisition

Target

RMIC

Winston-Salem, North Carolina, United States
RMIC protects lenders from losses due to defaults on first mortgages for residential properties. RMIC was founded in 1972 and is based in Winston-Salem, North Carolina.

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Buyer(S) 1

Buyer

Arch Capital

Pembroke, Bermuda
Category Company
Founded 1995
Sector Insurance
Employees6,400
Revenue 13.3B USD (2023)
DESCRIPTION

Arch Capital is a reinsurance and insurance company. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 13 of 13
Sector (Insurance) 12 of 12
Type (Add-on Acquisition) 7 of 7
State (North Carolina) 2 of 2
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Somerset Bridge Group

Bristol, United Kingdom

Somerset Bridge Group is an insurance brokerage providing motor and related insurance products via its various brands. Somerset Bridge Group was founded in 2018 and is based in Bristol, United Kingdom.

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