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Arch Credit Risk Services Inc. Enters Multi-Year Underwriting Services Agreement with Munich ReArch Credit Risk Services Inc. today announced it has entered into a multi-year agreement with Munich Re to provide mortgage credit assessment and underwriting advisory services related to Munich Re's involvement in Credit Risk Transfer programs offered by Fannie Mae and Freddie Mac. Arch Credit Risk Services Inc. was founded in 2017 to help clients leverage the significant mortgage underwriting and analytical expertise of Arch Capital Group's Global Mortgage Group, which includes Arch Mortgage Insurance Company ("Arch MI"), the largest provider of mortgage insurance in the U.S. Andrew Rippert, CEO of Arch's Global Mortgage Group said, "This partnership with Munich Re further leverages Arch's position as the industry leader in mortgage credit risk assessment." Rippert added, "By offering our deep understanding of the U.S. mortgage credit market, we're supporting Munich Re's efforts to participate in the U.S. housing finance system. Importantly, this extension of our business model adds a fee-based revenue stream to Arch's Global Mortgage Group." Doris Höpke, a member of the board of management of Munich Re said, "We look forward to working with Arch and leveraging their expertise in order to expedite our participation in the U.S. Credit Risk Transfer space." Höpke added, "Arch's knowledge of the market is well-known and we believe we have found an excellent partner for this endeavor." Cautionary Note Regarding Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" fr forward-looking statements. This release or any other written or oral statements made by or on behalf of Arch Capital Group Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: adverse general economic and market conditions; increased competition; pricing and policy term trends; fluctuations in the actions of rating agencies and our ability to maintain and improve our ratings; investment performance; the loss of key personnel; the adequacy of our loss reserves, severity and/or frequency of losses, greater than expected loss ratios and adverse development on claim and/or claim expense liabilities; greater frequency or severity of unpredictable natural and man-made catastrophic events; the impact of acts of terrorism and acts of war; changes in regulations and/or tax laws in the United States or elsewhere; our ability to successfully integrate, establish and maintain operating procedures as well as integrate the businesses we have acquired or may acquire into the existing operations; changes in accounting principles or policies; material differences between actual and expected assessments for guaranty funds and mandatory pooling arrangements; availability and cost to us of reinsurance to manage our gross and net exposures; the failure of others to meet their obligations to us; and other factors identified in our filings with the U.S. Securities and Exchange Commission. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included herein or elsewhere. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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