mortgage insurance


Radian in third mortgage ILS, with $488.4m Eagle Re 2020-1 Ltd.

U.S. mortgage insurer Radian Guaranty, part of the Radian Group, has returned to the capital markets for another slice of mortgage reinsurance from a securitized catastrophe bond like structure, with a $488.4 million Eagle Re 2020-1 Ltd. transaction.It's Radian Guaranty's third venture into the insurance-linked securities (ILS) market for mortgage read the full article →

Genworth in first mortgage ILS, a $302.8m Triangle Re 2019-1 deal

Genworth Mortgage Insurance, the mortgage insurer subsidiary of Genworth Financial, has sponsored its first mortgage insurance-linked securities (ILS) transaction, successfully securing $302.8 million of reinsurance from a Triangle Re 2019-1 Ltd. deal.Genworth joins the other major U.S. mortgage insurers that are now regularly tapping the capital markets using a catastrophe read the full article →

Mortgage insurers use of ILS deemed ratings positive by Moody’s

Ratings agency Moody's Investors Service has highlighted the use of insurance-linked securities (ILS) structures as a way to secure mortgage reinsurance capacity from the capital markets as beneficial to mortgage insurers strategies.The ratings agency has adjusted its opinion on a number of the leading U.S. mortgage insurance companies, upgrading some read the full article →

Arch’s mortgage ILS pass $4.7bn as $577m Bellemeade Re 2019-4 closes

The fourth mortgage insurance-linked securities (ILS) transaction of the year for Bermuda-headquartered re/insurer Arch Capital Group Ltd. takes its total issuance of mortgage ILS notes to over $4.7 billion, thanks to the $577 million Bellemeade Re 2019-4 Ltd. deal.As we reported over a week ago, Arch Capital returned to the read the full article →

Arch sponsoring $577m Bellemeade Re 2019-4 mortgage ILS

Bermuda-headquartered re/insurer Arch Capital Group Ltd. is back in the capital market for another mortgage insurance-linked securities (ILS) deal, with its newest transaction set to be a $577.28 million Bellemeade Re 2019-4 Ltd. issuance.Arch Capital has steadily increased the amount of mortgage insurance risk it lays off to capital market read the full article →

ILS is insulation for adverse mortgage insurance losses: NMI CEO Merkle

Mortgage insurance specialist NMI Holdings, Inc. successfully completed its third and largest insurance-linked securities (ILS) transaction, the $327 million Oaktown Re III Ltd., and CEO Claudia Merkle highlighted how these capital market backed reinsurance transactions insulate it against adverse losses.NMI returned recently to secure $327 million of excess of loss read the full article →

ILS to be integral to mortgage insurers’ risk transfer: Capsicum Re’s Mathews

The type of growth witnessed in mortgage insurance-linked securities (ILS) transactions in 2018 is most likely to be replaced with a more normalised growth rate, with ILS capacity expected to become an integral part of mortgage insurers’ programmes, according to Capsicum Re’s Stephen Mathews.Since the first two Bellemeade Re transactions read the full article →

MGIC restructures quota share, but mortgage ILS help on PMIERs

Mortgage risk insurer MGIC has revealed that the removal of maximum coverage levels in certain states resulted in the partial termination and restructuring of its 2015 quota share reinsurance arrangement with an affiliate, which subsequently impacted its Q2 results.In the second-quarter of 2019, MGIC’s ceded premiums written and earned increased read the full article →

Arch’s record $701m mortgage ILS puts it at “forefront of managing capital & risk”

The completion of Bermuda-based re/insurer Arch Capital Group Ltd.'s latest and largest mortgage insurance-linked securities (ILS) transaction seen to-date, a $701 million Bellemeade Re 2019-3 Ltd. shows the firm is at the "forefront" when it comes to managing capital and risk, an executive said today.Arch Capital Group has become a read the full article →

NMI issuing its largest mortgage ILS yet, a $327m Oaktown Re III Ltd.

Mortgage insurance specialist underwriter NMI Holdings, Inc. has returned with its third insurance-linked securities (ILS) transaction and it is the largest to-date, a $327 million Oaktown Re III Ltd. transaction.This third issuance of mortgage insurance-linked notes for sponsor NMI Holdings and its subsidiary National Mortgage Insurance Corp., follows the issuance read the full article →