Mortgage Guaranty Insurance Corp. has moved to reassume $7.5 billion of mortgage insurance risk it had farmed out to a reinsurer over the past nine years.

MGIC, one of the nation's largest mortgage insurers, is reassuming risk it had transferred to European General Reinsurance Co., Zurich. In doing so, MGIC will add about 10% to the value of loans it directly insures.

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