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Stock impact report

Arch Mortgage Insurance dac Completes First-of-its-kind Capital Relief Transaction

Arch Capital Group Ltd. (ACGL) 
Last arch capital group ltd. earnings: 2/11 04:31 pm Check Earnings Report
Company Research Source: Business Wire
DUBLIN--(BUSINESS WIRE)-- Arch Mortgage Insurance dac (“Arch”) today announced it has completed a capital relief transaction on a €3 billion subset of a residential mortgage loan portfolio of ING DiBa A.G., a wholly owned subsidiary of ING Bank N.V. The deal is the first of its kind in the European mortgage market and represents a valuable new tool for financial institutions in managing their regulatory capital. “Arch is delighted to complete a transaction that supports mortgage lending in Germany,” said Beau Franklin, President and Chief Executive Officer of Arch’s International Mortgage Group. “Arch is committed to bringing innovative products to market and taking a leadership role in providing capital relief solutions on residential mortgage loans globally.” About Arch Mortgage Insurance dac Arch Mortgage Insurance dac is based in Dublin and provides efficient and innovative credi Show less Read more
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