generate most primary insurance sales. Arch recently announced it will be purchasing the assets of defunct mortgage insurer PMI Group , scheduled to close in late 2013. Arch Capital's reinsurance losses from the barrage of catastrophic events in 2010
are signs of a turnaround in housing, which would have a huge effect on loss reserves for this sector. Last November, PMI Group Inc. (PPMIQ) declared bankruptcy and shares collapsed, sending the mortgage insurer to the penny stock levels. The
replace "coal" with "mortgage insurers". Some of the mortgage insurers went bankrupt, the major one that did was PMI Group (PPMIQ). I remember that it rallied quite a bit right before getting shut down. PPMIQ was like the sacrificial lamb
May 2 (Reuters) - PMI Group Inc : * Moodys disclosures on credit rating of PMI Group Inc (the)
Morningstar is lowering the credit rating for PMI Group PPMIQ by one notch, to D from C. The new rating is driven by the company's recent announcement that it had filed voluntary
We are no longer providing equity research on PMI Group PPMIQ. We provide broad coverage of more than 1,700 companies across more than 140 industries and adjust our coverage as necessary on the basis of client demand and investor interest.
--On Nov. 23, 2011, The PMI Group Inc. announced it had filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code. --As a result, we lowered the counterparty...
(Reuters) - The seizure of PMI Group 's unit over the weekend pushed shares of rivals MGIC Investment Corp and Radian Group Inc lower on Monday as investors questioned the future of the embattled...
(Reuters) - The main subsidiary of mortgage insurer PMI Group Inc has been seized by Arizona insurance regulators, and will begin paying only 50 percent of claims starting on Monday, PMI Group said on Saturday.
Oct 22 (Reuters) - The main subsidiary of mortgage insurer PMI Group Inc has been seized by Arizona insurance regulators, and will begin paying only 50 percent of claims starting on Monday, PMI Group ...