Higher attachment of Arch’s new mortgage ILS means no PMIERs credit: KBW
19th August 2020Analysts at KBW highlight that because the latest mortgage insurance-linked securities (ILS) deal sponsored by Bermudian insurance and reinsurance firm Arch Capital attaches so high up, the deal will not deliver the Private Mortgage Insurer Eligibility Requirements (PMIERs) capital credit its previous mortgage ILS have.
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