Arch gets new Bellemeade Re mortgage ILS, adds reinsurance to secure $233m cover
31st October 2023Bermuda headquartered re/insurer Arch Capital has now successfully closed its latest mortgage insurance-linked securities (ILS) issuance, securing the targeted roughly $186.6 million of coverage from the Bellemeade Re 2023-1 Ltd. issuance, while adding $46 million in direct reinsurance to take the total protection to just over $233 million.
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