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Arch targets up to $317m Bellemeade Re 2022-1 mortgage ILS issuance

Arch Capital is aiming to secure up to $317 million of mortgage reinsurance protection from its first insurance-linked securities (ILS) transaction of the year, by sponsoring a Bellemeade Re 2022-1 Ltd. mortgage insurance-linked notes issuance. There's some uncertainty over the eventual size of this transaction, according to our sources, but the read the full article →

Radian secures $484m of reinsurance with Eagle Re 2021-2 mortgage ILS

Radian Group has now successfully secured another roughly $484 million of collateralized mortgage reinsurance for its Radian Guaranty subsidiary with the completion of its latest Eagle Re 2021-2 Ltd. issuance of mortgage insurance-linked securities (ILS). Radian returned to the capital markets at the end of October with what has now become read the full article →

Essent seeks second mortgage ILS of year, $435m Radnor Re 2021-2

Mortgage focused insurer Essent Guaranty has returned to the capital markets seeking another $435 million of mortgage reinsurance protection through its latest mortgage insurance-linked securities (ILS) issuance, with a Radnor Re 2021-2 Ltd. deal. For Essent Guaranty, this will be its seventh issuance of mortgage insurance-linked notes through the Radnor Re read the full article →

Annual mortgage ILS issuance exceeds $5bn for first time in 2021

A record 12 mortgage insurance-linked securities (ILS) transactions have completed so far in 2021, taking annual issuance to more than $5 billion for the very first time, as shown by the Artemis Deal Directory. Currently, mortgage ILS (often termed mortgage insurance-linked notes ILN) issuance is running approximately 18% higher than the read the full article →

Radian prices $484m Eagle Re 2021-2 mortgage ILS deal

Radian Group is back in the capital markets in search of more collateralized mortgage reinsurance for its Radian Guaranty subsidiary, with a $484 million target for an Eagle Re 2021-2 Ltd. issuance of mortgage insurance-linked securities (ILS). This new mortgage insurance-linked notes transaction will be Radian Guaranty's sixth and if successful read the full article →

NMI gets $364m of mortgage reinsurance with new Oaktown Re ILS

Mortgage insurance group NMI Holdings, Inc. has now successfully secured $364 million of collateralised mortgage reinsurance protection from the capital markets with the Oaktown Re VII Ltd. transaction, which is its second mortgage insurance-linked notes issuance of the year. As we explained earlier this month, NMI was back in the capital read the full article →

NMI sponsoring $364m Oaktown Re VII mortgage insurance-linked notes

Mortgage insurance group NMI Holdings, Inc. has returned to the capital markets to sponsor its second mortgage insurance-linked notes issuance of the year, targeting an almost $364 million source of collateralised mortgage reinsurance with an Oaktown Re VII Ltd. transaction. Earlier this year, NMI sponsored its largest issuance of mortgage insurance-linked read the full article →

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 →