Mortgage Insurance Linked Notes news

This page archives all of our news coverage on mortgage insurance-linked notes transactions.

Mortgage insurance-linked notes (ILN) or mortgage insurance-linked securities (ILS) are transactions that transfer mortgage insurance risks to capital market investors using a similar structure to the catastrophe bond.

Mortgage insurers use the issuance of mortgage insurance-linked notes as a way to source efficient reinsurance capital from the capital markets and to diversify their sources of reinsurance outside of just traditional reinsurers.

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Arch’s new Bellemeade Re issue closes at $508m, plus $131.5m of reinsurance

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, eventually secured close to $508 million of mortgage reinsurance through its latest Bellemeade Re 2021-3 Ltd. mortgage ILS transaction, but added another $131.5 million of reinsurance from the traditional market at the same time. As we explained over a week read the full article →

Arch seeks third mortgage ILS of 2021, $511.5m Bellemeade Re 2021-3

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company,has returned to the capital markets and insurance-linked securities (ILS) in search of more mortgage reinsurance protection, launching its third mortgage ILS deal of the year, a $511.5 million Bellemeade Re 2021-3 Ltd. transaction. Arch is the most prolific sponsor of read the full article →

Genworth completes fifth mortgage ILS, a $372m Triangle Re 2021-3

Genworth Financial has completed its fifth issuance of mortgage insurance-linked securities (ILS), its third so far in 2021, with the completion of a $372 million Triangle Re 2021-3 Ltd. transaction. The fact the company has returned to the capital markets and insurance-linked securities (ILS) now three times in 2021 reflects the read the full article →

MGIC sponsoring $398m second Home Re mortgage ILS of 2021

MGIC Investment Corporation has returned to the capital markets in search of more collateralized reinsurance with its second mortgage insurance-linked securities (ILS) deal of the year, as it sponsors a roughly $398 million Home Re 2021-2 Ltd. issuance. This will be be the fourth time that MGIC Investment Corporation has tapped read the full article →

Essent secures largest, $558m Radnor Re mortgage ILS at keen pricing

Essent Guaranty has now secured almost $558 million of capital markets backed mortgage reinsurance protection with its latest and sixth mortgage insurance-linked securities (ILS) transaction, after the Radnor Re 2021-1 Ltd. issuance closed at keen pricing for the company. As we reported over a week ago, Essent Guaranty returned for its read the full article →

Gallagher Re helped Arch to more mortgage reinsurance diversification

In securing its latest Bellemeade Re mortgage insurance-linked securities (ILS) transaction, sponsor Arch Capital Group also benefited from $93.21 million of traditional mortgage reinsurance placed alongside the capital markets deal, with the support of broker Gallagher Re. Gallagher Re has been placing traditional mortgage reinsurance alongside Arch's Bellemeade Re mortgage ILS read the full article →

Arch closes new mortgage ILS at best pricing, broadest investor participation

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, said today that its mortgage insurer arm, Arch Mortgage Insurance Company (Arch MI), has secured $616 million of reinsurance across its latest $523 million Bellemeade Re 2021-2 Ltd. mortgage ILS deal and a direct placement of another $93 million read the full article →

Essent seeks its largest mortgage ILS yet, with $558m Radnor Re 2021-1

Essent Guaranty is back in search of more capital markets backed reinsurance protection with its latest and sixth mortgage insurance-linked securities (ILS) transaction, which will be its largest yet if the almost $558 million Radnor Re 2021-1 Ltd. issuance is successful. This Radnor Re 2021-1 issuance of mortgage insurance-linked securities (ILS) read the full article →

Arch seeks $523m of mortgage reinsurance with Bellemeade Re 2021-2 ILS

Arch Capital Group, the Bermuda headquartered specialty insurance and reinsurance company, is back in the capital markets with its second mortgage insurance-linked securities (ILS) transaction of the year, as it targets around $523 million of reinsurance with this Bellemeade Re 2021-2 Ltd. deal. This will actually be the sixteenth mortgage insurance-linked read the full article →

Aspen hires Rippert from Arch as EVP, Head of Mortgage

Aspen Insurance Holdings Limited, the Bermuda headquartered insurance and reinsurance group, has made a key hire for its mortgage re/insurance business, taking Arch Capital's Andrew Rippert as EVP and Head of Mortgage. Rippert will join Aspen from June 7th 2021 and will report to Christian Dunleavy, Chief Underwriting Officer Aspen Reinsurance read the full article →