Mortgage Insurance Linked Securities news

Enact Mortgage Insurance has successfully closed on its new mortage insurance-linked securities (ILS) issuance, securing $248 million of collateralized mortgage reinsurance protection from the capital markets with the issuance of Triangle Re 2023-1 Ltd. mortgage insurance-linked notes.

Enact Mortgage Insurance has returned to the insurance-linked securities (ILS) market for the first time in over two years, seeking just under $248 million of collateralized mortgage reinsurance protection from an issuance of Triangle Re 2023-1 Ltd. mortgage insurance-linked notes.

Bermuda 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.

MGIC Investment Corporation has successfully leveraged investor demand to upsize its latest sponsorship of mortgage insurance-linked securities (ILS), securing $330.2 million of reinsurance for its Mortgage Guaranty Insurance Corporation unit through the Home Re 2023-1 Ltd. issuance.

Bermuda headquartered re/insurer Arch Capital is back for the first time in over one year to sponsor a new series of mortgage insurance-linked securities (ILS) to boost its reinsurance arrangements, targeting $186.6 million or more in coverage from this Bellemeade Re 2023-1 Ltd. issuance, Artemis can reveal.

MGIC Investment Corporation has returned to the capital markets to seek its first issuance of mortgage insurance-linked notes in more than one year, targeting $290 million or more in mortgage reinsurance from this Home Re 2023-1 Ltd. mortgage insurance-linked securities (ILS) transaction.

Radian Guaranty, the US mortgage insurance arm of the Radian Group, has now successfully secured $353 million of fresh reinsurance protection from the capital markets through the issuance of Eagle Re 2023-1 Ltd. mortgage insurance-linked securities (ILS), its first mortgage insurance-linked notes since 2021.

Radian Guaranty, the US mortgage insurance arm of the Radian Group, is back seeking a capital markets funded source of reinsurance for the first time since November 2021, as it successfully upsized a new Eagle Re 2023-1 Ltd. mortgage insurance-linked securities (ILS) issuance to $353 million.

Essent Guaranty, a wholly owned subsidiary of Essent Group, has announced the successful closing of its ninth mortgage insurance-linked securities (ILS) transaction, Radnor Re 2023-1 Ltd., which provides the firm with $281.5 million of fully collateralized excess of loss reinsurance coverage.

With no issuances of mortgage insurance-linked securities (ILS) transactions since last September, it comes down to insurer Essent Guaranty again to reopen the market, with a $253.2 million Radnor Re 2023-1 Ltd. offering now launched to investors.