Mortgage Insurance Linked Notes news

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.

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.

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 Capital Group Ltd., the Bermuda headquartered specialty insurance and reinsurance firm, has now completed its fourth mortgage insurance-linked securities (ILS) issuance of 2020, closing the Bellemeade Re 2020-4 Ltd.  issuance at $321 million in size.

Arch Capital Group Ltd., the Bermuda headquartered specialty insurance and reinsurance firm, has returned to the capital markets for a fourth Bellemeade Re mortgage insurance-linked securities (ILS) issuance of 2020.

The mortgage insurance-linked securities (ILS) market has demonstrated its resiliency through the COVID-19 pandemic, as issuance came back to market despite the uncertainty created by a sharp increase in delinquencies, according to rating agency Fitch.

Arch Capital Group Ltd., the Bermuda headquartered insurance and reinsurance firm, has returned to the capital markets for its third mortgage insurance-linked securities (ILS) transaction of 2020, with a $418 million issuance of insurance-linked notes via special purpose insurer Bellemeade Re 2020-3 Ltd.

Mortgage insurers Genworth Mortgage Insurance, a subsidiary of Genworth Financial, and Radian Guaranty, part of the Radian Group, have both closed new mortgage insurance-linked securities (ILS) issuances in the last week, successfully securing $740 million of capital markets backed, collateralized mortgage reinsurance between them.

Genworth Mortgage Insurance, the mortgage insurer subsidiary of Genworth Financial, is back in the capital markets for its second mortgage insurance-linked securities (ILS) issuance, with a $350 million Triangle Re 2020-1 Ltd. deal.

Specialist mortgage insurance group NMI Holdings, Inc. has successfully priced its latest and now fifth mortgage insurance-linked securities (ILS) deal, a $242 million Oaktown Re V Ltd. transaction.