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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 →

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 →