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Mortgage Risk Stellar Again With $3.4 Billion Wager on ‘New War’

By Tony Seruga

Too many people put hands on stove and got burned, Arch says
Arch CEO Iordanou assures he won’t repeat rivals’ errors

Mortgage insurance, an industry that drove several companies to collapse or the brink of failure in the housing crisis, is again considered a safe bet as Arch Capital Group Ltd. Chief Executive Officer Dinos Iordanou reshapes his company by purchasing a loan guarantor from American International Group Inc.

“Hopefully the last war was fought and lost, and the new war is going to be fought and won,” Iordanou said Tuesday on a conference call, a day after agreeing to pay $3.4 billion to buy AIG’s United Guaranty Corp. “People are going to pay attention to properly price their business.”…

Mortgage Risk Stellar Again With $3.4 Billion Wager on ‘New War’

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