OCI > Proposed Acquisition of Control of CMG Mortgage by Arch U.S. MI Holdings

Proposed Acquisition of Control of CMG Mortgage by Arch U.S. MI Holdings

Last Updated: December 11, 2013

Information on the Proposed Acquisition of Control of CMG Mortgage Insurance Company (CMG MI), CMG Mortgage Assurance Company (CMG MA) and CMG Mortgage Reinsurance Company (CMG Re) (collectively, the Wisconsin Domestic Insurers) by Arch U.S. MI Holdings Inc. (Applicant)

On September 24, 2013, Arch U.S. MI Holdings Inc. (Applicant) filed a plan to acquire control of the above-referenced domestic insurers, pursuant to the terms of a Stock Purchase Agreement (Purchase Agreement) dated February 7, 2013, whereby the Applicant intends to acquire 100% direct control of CMG MI and CMG MA and to acquire 100% indirect control of CMG Re through the acquisition of all of the issued and outstanding shares. The transaction is subject to all required regulatory approvals, including the approval of this Form A by the Commissioner of Insurance for the State of Wisconsin (the Commissioner).

As required by law, the Office of the Commissioner of Insurance (OCI) will hold a public hearing concerning this application for acquisition of control.

Notations on Accessing Information

Financial information concerning individual insurance companies, including key annual statement pages, may be accessed on the Consumers Information Source section of the National Association of Insurance Commissioners' Web site at https://content.naic.org/consumer.htm.

Application Material Filed on September 24, 2013