Mortgage Insurance Linked Securities news

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.

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.”

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.

Mortgage insurer Essent Guaranty has completed its second mortgage insurance-linked securities (ILS) transaction at an upsized amount, as the Radnor Re 2019-1 Ltd. deal grew to $473.2 million thanks to investor demand.

Arch Capital Group’s issuance of mortgage insurance-linked notes, via its Bellemeade issuance platform, lowers shareholders’ exposure to the tail impacts on Arch’s business from economic recessions, subsequently supporting growth, says President and Chief Executive Officer (CEO), Marc Grandisson.

Mortgage insurer Essent Guaranty is returning to the capital markets for additional excess-of-loss reinsurance in 2019 with its second mortgage insurance-linked securities (ILS) transaction, an almost $444 million Radnor Re 2019-1 Ltd. deal that has recently launched to investors.

U.S. mortgage insurer Radian Guaranty, part of the Radian Group, has successfully completed its first mortgage insurance-linked securities (ILS) transaction, securing a slightly upsized $434 million from the Eagle Re 2018-1 Ltd. transaction, while simultaneously adding another $21 million of excess-of-loss reinsurance coverage.

U.S. mortgage insurance firm Radian Guaranty, part of the Radian Group, is the latest to join the mortgage insurance-linked securities (ILS) club, having launched a new Eagle Re 2018-1 Ltd. transaction to investors as it seeks around $410 million of reinsurance from the capital markets for its mortgage book.

Arch Capital Group, the Bermuda headquartered insurance and reinsurance specialist, has successfully secured a new $506 million slice of collateralized reinsurance capacity from the capital markets for its mortgage book, with the issuance of its latest mortgage insurance-linked securities (ILS) deal, Bellemeade Re 2018-3 Ltd.

Insurance and reinsurance specialist Arch Capital Group is to issue its third mortgage insurance-linked notes or insurance-linked securities (ILS) transaction of the year, with the securitisation of $506.11 million of mortgage insurance risk through Bellemeade Re 2018-3 Ltd.