Radnor Re 2020-1 Ltd

The latest mortgage insurance-linked securities (ILS) transaction to be sponsored by insurer Essent Guaranty has now completed, with Radnor Re 2020-1 Ltd. providing the company an upsized $496 million of capital markets backed excess of loss reinsurance protection for its mortgage insurance portfolio.

Essent Guaranty has returned with its fourth mortgage insurance-linked securities (ILS) transaction and its first of 2020, as it seeks to expand on its capital markets backed sources of excess-of-loss mortgage reinsurance protection with a new $421.6 million Radnor Re 2020-1 Ltd. transaction.