Home Re 2019-1 Ltd

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MGIC restructures quota share, but mortgage ILS help on PMIERs

Mortgage risk insurer MGIC has revealed that the removal of maximum coverage levels in certain states resulted in the partial termination and restructuring of its 2015 quota share reinsurance arrangement with an affiliate, which subsequently impacted its Q2 results.In the second-quarter of 2019, MGIC’s ceded premiums written and earned increased read the full article →

MGIC prices second mortgage ILS deal, a $315.74m Home Re 2019-1

Mortgage insurance underwriter MGIC, which is among the largest writers of mortgage insurers in the United States, is returning for its second mortgage insurance-linked securities (ILS) and insurance-linked notes deal, bringing a $315.74 million Home Re 2019-1 Ltd. transaction to market.The transaction marks the second visit to the capital markets read the full article →