The insurer financial strength rating on CMG Mortgage Insurance Co. is based on the following: -- Market niche and fundamental business precept. CMG Mortgage Insurance Co. and CMG Mortgage Reinsurance Co., its unrated affiliate (collectively referred to as CMG), were conceived as a mortgage insurer that would do business exclusively with credit unions. This strategy has been successful, as the credit union clientele has demonstrated that it is an attractive market segment with which to do business. Because CMG is 50% owned and sponsored by CUNA Mutual Insurance Society (CUNA Mutual), credit unions have demonstrated a preference to do business with CMG, and CMG has about 60% of the credit union mortgage insurance market. Partially offsetting this strength is the
