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NMI closes $367m Oaktown Re VI mortgage ILS issuance

Mortgage insurance group NMI Holdings, Inc. has completed its latest capital markets backed reinsurance deal, successfully closing its sixth mortgage insurance-linked notes transaction, a $367 million Oaktown Re VI Ltd., on target. As we explained ten days ago, NMI Holdings was back in the insurance-linked securities (ILS) market in search of read the full article →

Radian lowers cost-of-capital with $498m Eagle Re 2021 mortgage ILS

Radian Guaranty, the US mortgage insurer entity of the Radian Group, has said that the successful completion of its latest mortgage insurance-linked securities (ILS) deal, the $498 million Eagle Re 2021-1 Ltd. transaction, is a capital efficient way to secure reinsurance for the company. We explained back in early April that read the full article →

NMI targets $367m of reinsurance with Oaktown Re VI mortgage ILS

Mortgage insurance group NMI Holdings, Inc. is back in the capital markets for what will be its sixth mortgage insurance-linked notes transaction, with a $367 million Oaktown Re VI Ltd. At $367 million, across the five classes of mortgage insurance-linked securities (ILS) being issued, this would be the largest transaction NMI read the full article →

Genworth targets $303m of mortgage reinsurance with Triangle Re 2021-2

Genworth Mortgage Insurance, a US mortgage insurance subsidiary of Genworth Financial, is back in the capital markets with its second mortgage insurance-linked securities (ILS) deal of this year, a $303 million Triangle Re 2021-2 Ltd. issuance. Genworth has returned to the capital markets for more collateralized mortgage reinsurance protection soon after read the full article →

Radian seeks $498m Eagle Re 2021-1 mortgage ILS

Radian Guaranty, the US mortgage insurer entity of the Radian Group, has returned to the capital markets in search of collateralised reinsurance with what could be its largest mortgage insurance-linked securities (ILS) issuance since the pandemic outbreak, as it looks to sponsor a nearly $498 million Eagle Re 2021-1 Ltd. read the full article →

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 →

Genworth secures third & largest $495m Triangle Re 2021 mortgage ILS

Genworth Mortgage Insurance, a mortgage insurance subsidiary of Genworth Financial, has returned to the capital markets to add more mortgage reinsurance protection, with its third and now largest mortgage insurance-linked securities (ILS), a $495 million Triangle Re 2021-1 Ltd. issuance. Genworth first sourced mortgage reinsurance capacity from the capital markets on read the full article →

MGIC targets its biggest mortgage ILS, with $399m Home Re 2021-1

MGIC Investment Corporation is back in the capital markets with what will be its third sponsorship of a mortgage insurance-linked securities (ILS) issuance, as it seeks roughly $399 million of collateralized mortgage reinsurance with the Home Re 2021-1 Ltd. issuance. MGIC Investment Corporation first entered the mortgage insurance-linked securities (ILS) market 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 →