...Favorable Business Profile: Arch Mortgage Insurance Company (AMIC), United Guaranty Residential Insurance Company (UGRIC) and Arch Mortgage Guaranty Company (AMGC) ¡ collectively Arch MI ¡ has a leading position in U.S. primary mortgage insurance, with a market share of 15.4% of the private mortgage industry's new insurance written at YE 2023. The share was the second lowest of the six active U.S. mortgage insurers (USMIs) and is down from 17.9% at YE 2022, as the parent, Arch Capital Group Ltd. (ACGL), prioritized favorable growth opportunities in the property/casualty sector over mortgage. ACGL also has leading positions in government-sponsored enterprise (GSE) credit risk transfer, European significant risk transfer and Australia primary mortgage insurance. Multiple Business Strategy: ACGL has a three-prong product strategy consisting of primary insurance, reinsurance and mortgage insurance. Arch MI helps ACGL diversify its earnings and company profile, utilizing conservative underwriting...