Reinsurance News
Arch MI
Arch MI secures over $203m of indemnity reinsurance through Bellemeade Re
16th August 2024
Arch Mortgage Insurance Company (Arch MI) has obtained over $203 million of indemnity reinsurance on a pool representing approximately $30.5 billion of mortgages from Bellemeade Re 2024-1 Ltd., its Bermuda special purpose reinsurer. This transaction reportedly covers a portfolio of MI policies issued by Arch MI and affiliates primarily from September ... Read the full article
Arch MI completes acquisition of RMIC Companies
4th June 2024
Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has completed it's acquisition of RMIC Companies, Inc. (RMIC) and its subsidiaries that together comprise the run-off mortgage insurance business of Old Republic International Corporation. If you recall, the transaction was first announced in November ... Read the full article
Arch MI to acquire RMIC Companies in strategic deal
13th November 2023
Arch U.S. MI Holdings (Arch MI), a subsidiary of Arch Capital Group Ltd., has finalised a definitive agreement to acquire RMIC Companies, Inc. (RMIC), along with its subsidiaries, constituting the run-off mortgage insurance business of Old Republic International Corporation. Upon the completion of the transaction, RMIC's $1 billion risk in force ... Read the full article
Arch gets $233m+ of mortgage reinsurance through latest Bellemeade Re deal
1st November 2023
Arch Mortgage Insurance Company (Arch MI) has obtained over $233 million of indemnity reinsurance on a pool representing approximately $32.4 billion of mortgages from Bellemeade Re 2023-1 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $186 million in bonds and $46 million in direct reinsurance, Arch explained. "This ... Read the full article
Arch MI secures $358m of indemnity reinsurance
3rd October 2022
Arch Mortgage Insurance Company (Arch MI) has announced that it has obtained over $358 million of indemnity reinsurance on a pool representing approximately $51.7 billion of mortgages from special purpose reinsurance, Bellemeade Re 2022-2 Ltd. The coverage was obtained by issuing approximately $201 million in bonds and $157 million in direct ... Read the full article
Arch MI obtains $315m of indemnity reinsurance from capital markets
1st February 2022
Arch Mortgage Insurance Company (Arch MI) has announced that it has obtained over $315 million of indemnity reinsurance on a pool representing approximately $6.3 billion of mortgages from Bellemeade Re 2022-1 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $282 million in bonds and $33 million in ... Read the full article
Arch MI obtains $639mn of indemnity reinsurance via Bellemeade Re
29th September 2021
Arch Mortgage Insurance Company (Arch MI) has secured over $639 million of indemnity reinsurance on a pool representing approximately $28.7 billion of mortgages from Bellemeade Re 2021-3 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $508 million in bonds and $131 million in direct reinsurance, and covers ... Read the full article
Gallagher Re secures $93m for Arch MI’s Bellemeade in single transaction
22nd June 2021
Reinsurance broker Gallagher Re has partnered with Arch Mortgage Insurance Company (Arch MI) in raising and placing traditional reinsurance capacity for special purpose reinsurer Bellemeade Re 2021-2. In this second Bellemeade transaction of 2021, Gallagher Re obtained $93.2 million of indemnity reinsurance for Arch MI, on a pool representing approximately $36 ... Read the full article
Arch MI secures over $616mn of indemnity reinsurance via Bellemeade
18th June 2021
Arch MI, the private mortgage insurance subsidiary of Arch Capital, has obtained over $616 million of indemnity reinsurance on a pool representing approximately $36 billion of mortgages from special purpose reinsurer Bellemeade Re 2021-2 Ltd. Approximately $523 million in bonds and $93 million in direct reinsurance was issued in order to ... Read the full article
Arch secures over $640mn of mortgage reinsurance
31st March 2021
Arch MI, the private mortgage insurance subsidiary of Arch Capital, has obtained over $640 million of indemnity reinsurance from the capital markets. The company secured coverage on a pool representing $38 billion of mortgages from Bellemeade Re 2020-3 Ltd., a special purpose reinsurer. Arch MI explained that the reinsurance was obtained by ... Read the full article
Arch MI secures $452mn of mortgage reinsurance from capital markets
4th November 2020
Arch MI, the private mortgage insurance subsidiary of Arch Capital, has obtained nearly $452 million of indemnity reinsurance from the capital markets. The company secured coverage on a pool representing $31 billion of mortgages from Bellemeade Re 2020-3 Ltd., a special purpose reinsurer. Arch MI explained that the reinsurance was obtained by ... Read the full article
Arch MI secures $449mn of mortgage reinsurance from capital markets
4th September 2020
Arch Mortgage Insurance Company, a subsidiary of Arch Capital Group, has secured over $449 million of indemnity reinsurance from special purpose reinsurer Bellemeade Re 2020-2 Ltd. The Mortgage Insurance-Linked Note (MILN) transaction, which covers a portfolio of MI policies linked to 117,562 loans issued in the first five months of 2020, is Arch's ... Read the full article
Capsicum Re helps Arch secure additional mortgage reinsurance
2nd July 2020
Arch Mortgage Insurance Company (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has secured $528 million of indemnity reinsurance via a mortgage insurance-linked note (ILN) transaction and direct reinsurance. The $528 million of mortgage reinsurance covers a pool representing around $44 billion of mortgages for Arch MI, and ... Read the full article
Arch secures $577m of mortgage reinsurance from capital markets
18th October 2019
Arch Capital Group’s US mortgage insurance subsidiary, Arch Mortgage Insurance Company, has secured $577 million of indemnity mortgage reinsurance protection. This transaction, which covers a pool representing $7.2 billion of mortgages from special purpose reinsurer Bellemeade Re 2019-4 Ltd.,is Arch’s fourth of 2019; representing the most Insurance Linked-Note transactions ever conducted ... Read the full article
Arch secures $700m of mortgage reinsurance from capital markets
25th July 2019
Arch Capital Group’s US mortgage insurance subsidiary, Arch Mortgage Insurance Company, has secured $700 million of indemnity mortgage reinsurance protection. This transaction, which covers a pool representing $49.6 billion of mortgages from special purpose reinsurer Bellemeade Re 2019-3 Ltd., is Arch’s third of 2019 and the largest of its kind by ... Read the full article
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