Bellemeade Re

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Arch’s new Bellemeade Re 2021-1 mortgage ILS completes at $580m

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance player, has completed its new Bellemeade Re 2021-1 Ltd. mortgage insurance-linked securities (ILS) issuance at a smaller size of $580 million after electing not to place one of the tranches of notes. However, Arch secured an additional $64 million in direct read the full article →

Arch seeks $665m of reinsurance from Bellemeade Re 2021-1 mortgage ILS

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance player, is back in the capital markets in search of more mortgage reinsurance protection, with a large, up to $665 million Bellemeade Re 2021-1 Ltd. mortgage insurance-linked securities (ILS) issuance. The issuance features six tranches of mortgage insurance-linked notes which are read the full article →

Gallagher Re secured $140m of reinsurance for Arch’s Bellemeade program in 2020

Global reinsurance broker Gallagher Re, part of the Gallagher group, successfully brokered $140 million of traditional mortgage reinsurance for Arch Capital during 2020, as part of the firms Bellemeade Re mortgage insurance-linked securities (ILS) program. Arch Mortgage Insurance sponsored the issuance of over $1.55 billion of Bellemeade Re mortgage insurance-linked notes read the full article →

Arch completes fourth Bellemeade mortgage ILS of 2020 at $321m

Arch Capital Group Ltd., the Bermuda headquartered specialty insurance and reinsurance firm, has now completed its fourth mortgage insurance-linked securities (ILS) issuance of 2020, closing the Bellemeade Re 2020-4 Ltd.  issuance at $321 million in size. Arch Capital returned to the capital markets for a fourth Bellemeade Re mortgage insurance-linked securities read the full article →

Arch Capital returns for fourth Bellemeade Re mortgage ILS issuance of 2020

Arch Capital Group Ltd., the Bermuda headquartered specialty insurance and reinsurance firm, has returned to the capital markets for a fourth Bellemeade Re mortgage insurance-linked securities (ILS) issuance of 2020. We understand this fourth mortgage ILS transaction from Arch Capital is in the early stages of being marketed to investors at read the full article →

Arch Capital completes third mortgage ILS transaction of 2020

Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance firm, has returned to the capital markets for its third mortgage insurance-linked securities (ILS) transaction of 2020, with a $418 million issuance of insurance-linked notes via special purpose insurer Bellemeade Re 2020-3 Ltd. The new issuance follows quickly on the heels read the full article →

Fitch reviews Arch mortgage ILS deals, notes substantial delinquency increase

Fitch Ratings has reviewed a number of outstanding mortgage insurance-linked securities (ILS) deals sponsored by Bermuda-based insurance and reinsurance group Arch Capital Group, noting the substantial increase in mortgage delinquencies due to the Covid-19 pandemic. Arch brought a new Bellemeade Re mortgage ILS deal to market in July, becoming the first to read the full article →

Arch secures upsized $423m Bellemeade Re 2020-2 mortgage ILS issuance

Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance firm with a growing mortgage insurance arm, successfully secured its second mortgage insurance-linked securities (ILS) transaction of 2020, upsizing the Bellemeade Re 2020-2 Ltd. transaction to $423 million at close. The transaction launched at a smaller $363 million in the pre-sale read the full article →

Arch seeks second mortgage ILS of 2020, a $363m Bellemeade Re 2020-2

Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance firm with a growing mortgage insurance arm, is returning to the capital markets to secure its second mortgage insurance-linked securities (ILS) transaction of 2020, with a $363 million Bellemeade Re 2020-2 Ltd. transaction. Arch Capital faced challenges in issuing its first read the full article →

Higher attachment of Arch’s new mortgage ILS means no PMIERs credit: KBW

Analysts 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. Arch Capital successfully closed a $450 read the full article →