Bellemeade Re II Ltd

Arch Capital Group said that it intends to sponsor two more Bellemeade Re mortgage insurance linked security ILS transactions to cover its 2017 book and that it would like to sponsor additional takedowns annually going forwards, as it looks to the capital markets to help it managed its tail risks.

Global insurer AIG has secured almost $300m of collateralized reinsurance from capital market investors for the legacy mortgage insurance portfolio of its United Guaranty subsidiary, in a Bellemeade Re II Ltd. (Series 2016-1) insurance-linked securities (ILS) transaction.