Mortgage Insurance Linked Securities news

MGIC Investment Corporation has returned to the capital markets to seek its first issuance of mortgage insurance-linked notes in more than one year, targeting $290 million or more in mortgage reinsurance from this Home Re 2023-1 Ltd. mortgage insurance-linked securities (ILS) transaction.

Radian Guaranty, the US mortgage insurance arm of the Radian Group, has now successfully secured $353 million of fresh reinsurance protection from the capital markets through the issuance of Eagle Re 2023-1 Ltd. mortgage insurance-linked securities (ILS), its first mortgage insurance-linked notes since 2021.

Radian Guaranty, the US mortgage insurance arm of the Radian Group, is back seeking a capital markets funded source of reinsurance for the first time since November 2021, as it successfully upsized a new Eagle Re 2023-1 Ltd. mortgage insurance-linked securities (ILS) issuance to $353 million.

Essent Guaranty, a wholly owned subsidiary of Essent Group, has announced the successful closing of its ninth mortgage insurance-linked securities (ILS) transaction, Radnor Re 2023-1 Ltd., which provides the firm with $281.5 million of fully collateralized excess of loss reinsurance coverage.

With no issuances of mortgage insurance-linked securities (ILS) transactions since last September, it comes down to insurer Essent Guaranty again to reopen the market, with a $253.2 million Radnor Re 2023-1 Ltd. offering now launched to investors.

A number of mortgage insurance-linked securities, or mortgage insurance-linked notes, transactions have had their credit ratings upgraded, as the fundamentals related to them improved on faster pay-downs have helped to build up credit enhancement associated with them.

Bermuda headquartered re/insurer Arch Capital eventually secured $201 million of capital markets backed mortgage reinsurance protection with its latest ILS issuance, the Bellemeade Re 2022-2 Ltd. deal, using traditional reinsurance to top-up the rest of the layers.

Mortgage insurer Essent Guaranty, a wholly owned subsidiary of Essent Group Ltd., has completed its latest insurance-linked securities (ILS) placement, securing $237.9 million of fully collateralised excess of loss reinsurance via Bermuda-based special purpose insurer (SPI), Radnor Re 2022-1 Ltd.

Bermuda headquartered re/insurer Arch Capital is seeking up to $358.4 million of capital markets backed mortgage reinsurance protection with its latest ILS issuance, a Bellemeade Re 2022-2 Ltd. deal.

Mortgage focused insurer Essent Guaranty has returned to reopen the mortgage insurance-linked securities (ILS) marketplace after a hiatus with no deals for a few months, bringing its first of the year, as it seeks almost $304 million of mortgage reinsurance from this Radnor Re 2022-1 Ltd. issuance.