PMI

American International Group Inc. is in talks to sell its mortgage insurer, United Guaranty Corp., to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to shareholders, according to a person familiar with the matter.

Essent Group reported higher net income for the second quarter of 2016 as the company wrote more insurance year-over-year.

Genworth Financial is looking at separating its mortgage insurance business from its life insurance line after it does the same for its long-term care insurance unit.

NMI Holdings reported second-quarter net income of $2 million, making it the first time the company founded in 2012 has ended a period in the black.

Greenlight Capital Re Ltd., the reinsurer seeking to reverse underwriting losses, is pushing into the mortgage guaranty market after being burned by fraudulent claims on property policies in Florida.

MGIC Investment Corp. has begun a public offering of $350 million in senior notes.

Old Republic International Corp.'s title insurance business had a 6% decline in pretax operating income year-over-year for the second quarter as costs rose greater than premium and fee revenue.

Radian Group nearly doubled its net income during the second quarter from a year ago on a significant drop in expenses stemming from a smaller loss on debt extinguishment.

Arch Capital had underwriting income of $37.8 million in its mortgage insurance segment, which includes its U.S. subsidiary and an international reinsurance business.

U.S. Mortgage Insurers has selected MGIC Chief Executive Patrick Sinks as its new chairman.