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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.

Bermuda based specialist mortgage insurer Essent Guaranty has completed its third mortgage insurance-linked securities (ILS) issuance, with the successful placement and sale of notes for the $333.8 million Radnor Re 2019-2 Ltd. transaction.

The insurance-linked securities (ILS) market’s acceptance of mortgage risk served as a shift in the dynamics of the ever-changing mortgage reinsurance sector, with further growth in the space expected outside of the U.S. market, according to reinsurance broker Capsicum Re.

The latest catastrophe bond from U.S. primary insurer Safepoint Insurance Company has had its settlement date pushed back into the second-quarter, we’re told, but still the catastrophe bond market is set to reach a new first-quarter issuance record, with the total likely to be $3.84 billion or greater.

A number of mortgage insurance-linked securities (ILS) issuances have had their ratings upgraded, as Moody’s noted improved credit enhancement and reduced projected losses across a series of the deals.

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.

The rapid growth of mortgage insurance-linked securities (ILS) issuance witnessed over the past five years is expected to slow as a result of uncertainty caused by the Covid-19 coronavirus pandemic, according to analysts at Credit Suisse.

A decline in the volume of rated catastrophe bond and insurance-linked securities (ILS) transactions is a key indicator that ILS has become a more permanent source of risk capital and gained heightened acceptance by capital markets investors, according to Kroll Bond Rating Agency (KBRA).

Mortgage insurance specialist MGIC, is watching the development of the mortgage insurance-linked notes (or insurance-linked securities) market closely and the success of transactions so far is likely to encourage new sponsors like MGIC to come forward.

Here are the ten most popular news articles, week ending 11th March 2018, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.