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Essent Guaranty’s third mortgage ILS completed for $333.8m of reinsurance

Bermuda based specialist mortgage insurer Essent Guaranty has completed its third mortgage insurance-linked securities (ILS) issuance, with the successful placement and sale of notes for the $333.8 million Radnor Re 2019-2 Ltd. transaction.As we explained last week, Essent Guaranty had returned to the capital markets to expand on its collateralized read the full article →

Essent in third mortgage ILS deal a, $333.84m Radnor Re 2019-2

Specialist mortgage insurance company Essent Guaranty has returned to the capital markets to further expand its collateralized mortgage reinsurance protection with a $333.84 million Radnor Re 2019-2 Ltd. transaction that will be its third mortgage insurance-linked securities (ILS) issuance.Radnor Re 2019-2 will actually be Essent Guaranty's second mortgage ILS issuance 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 →

Arch has now secured $3.5bn of mortgage reinsurance with Bellemeade ILS

Arch Capital Group, the Bermuda headquartered insurance and reinsurance firm, has now secured roughly $3.5 billion of reinsurance for its U.S. mortgage insurance book from the capital markets, thanks to the completion of another $621 million Bellemeade Re 2019-2 Ltd. ILS transaction.Arch Mortgage Insurance (Arch MI), the U.S. mortgage focused read the full article →

Arch brings second mortgage ILS of year, $621m Bellemeade Re 2019-2

Arch Capital Group Ltd. is returning to the capital markets for its second mortgage insurance-linked securities (ILS) transaction of 2019, a $621 million Bellemeade Re 2019-2 Ltd. transaction.Arch Capital has become a significant user of capital markets backed and fully collateralized reinsurance to support its growing mortgage insurance business.For this latest read the full article →

Radian Guaranty pleased with investor support for latest $562m mortgage ILS

Radian Guaranty has now completed its second issuance of mortgage insurance-linked securities (ILS), citing a pleasing response from investors to its $562 million Eagle Re 2019-1 Ltd. that secures it additional reinsurance capacity from the capital markets.The transaction has been in the market for some weeks now and saw Radian read the full article →

Radian in second mortgage ILS with $562m Eagle Re 2019-1 deal

Radian Guaranty has returned to the capital markets for its second mortgage insurance-linked securities (ILS) deal, marketing a $562 million Eagle Re 2019-1 Ltd. transaction in search of reinsurance backing from the capital markets.The transaction follows Radian Guaranty's first mortgage ILS, or mortgage insurance-linked notes (ILN), transaction, the $434 million read the full article →

Mortgage insurance-linked securities market primed for growth

The mortgage insurance-linked securities (ILS) or insurance-linked note market is primed for expansion, as more of the U.S. private mortgage insurers look to leverage the capital markets as a source of reinsurance capacity and as a capital management tool.The mortgage insurance-linked securities (ILS) market sees private mortgage insurers transferring some read the full article →

Arch’s latest mortgage ILS completes, covers “unique” subject portfolio

Bermudian insurance and reinsurance firm Arch Capital Group Ltd. has successfully sponsored its first mortgage insurance-linked securities (ILS) transaction of 2019, with a $341.8 million Bellemeade Re 2019-1 Ltd. deal that covers what the company terms a "unique subject portfolio."Arch has become a particularly expansive mortgage insurance specialist and part read the full article →

Arch returns with latest mortgage ILS, a $341.8m Bellemeade Re 2019-1

Expansive mortgage insurer Arch Capital Group Ltd. is back in the capital markets for another mortgage insurance-linked securities (ILS) transaction, a $341.8 million Bellemeade Re 2019-1 Ltd. transaction.Arch has already securitized at total of $2.5 billion of in-force mortgage insurance risk, transferring it to capital market investors to secure fully read the full article →