Bellemeade Re 2024-1 Ltd

Arch Capital, via its Arch Mortgage Insurance unit, has confirmed the issuance of the almost $163.2 million in Bellemeade Re 2024-1 Ltd. mortgage insurance-linked securities that we had first reported on more than a week ago, while also saying that it purchased almost $40.8 million in traditional reinsurance alongside them.

Arch Capital is attempting to reopen the market for mortgage insurance-linked securities (ILS) with the first issuance of mortgage insurance-linked notes seen in 2024, seeking $163.2 million in capital markets backed mortgage reinsurance through Bellemeade Re 2024-1 Ltd.