Briefs: Westpac completes LMI sale, Suncorp upsizes hybrid issue 02 September 2021 5:29AM Banking Day staff Briefs, Westpac, M&A, Lenders mortgage insurance, Suncorp, Hybrids Westpac has completed the sale of its lenders mortgage insurance business to Arch Capital Group. As part of the sale, the bank has entered into an exclusive 10-year supply agreement with Arch. The bank said it will record a loss from the sale in its 2020/21 accounts. Suncorp has completed the bookbuild for its latest hybrid issue, Capital Notes 4, increasing the offer size from A$350 million to $375 million. The margin has been set at 290 bps.