The PMI Group Inc., Walnut Creek, Calif., has announced that its primary mortgage insurance company, PMI Mortgage Insurance Co., will terminate all excess-of-loss reinsurance arrangements with lender-affiliated captive reinsurers as of Jan. 1, 2009. On that date, in-force XOL contracts will be placed into runoff and will mature pursuant to their existing terms and conditions. PMI said PMI Mortgage Insurance will continue to participate in quota share captive reinsurance agreements. The company can be found on the Web at http://www.pmigroup.com.
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