Reinsurance News

capital markets

Moody’s increasingly positive on mortgage insurers as reinsurance use grows

2nd December 2019

With mortgage insurers in the U.S. increasingly leveraging the capital markets to secure reinsurance protection, alongside traditional forms of coverage, Moody's Investors Service (Moody's) has taken some positive rating actions and a somewhat more positive outlook on market players. Overall, notes Moody's, the U.S. mortgage insurance sector has reported broad-based improvements ... Read the full article

AXIS expands capital markets reinsurance support with $39m Alturas Re sidecar issuance

2nd July 2019

Bermudian insurer and reinsurer AXIS Capital Holdings Limited has sponsored a $39 million issuance of notes to its collateralised reinsurance sidecar, Alturas Re Ltd. The latest issuance is the third of this year and takes the total amount of capital backing the sidecar vehicle to $169 million for 2019. As reported by ... Read the full article

Hamilton Re enters catastrophe bond market with $60mn US multi-peril deal

20th June 2019

The reinsurance arm of Bermudian firm Hamilton Insurance Group, Hamilton Re, has announced that via its Hamilton Capital Partners unit, it has sponsored its very first catastrophe bond transaction, a $60 million Easton 2019-1 deal. Hamilton Re has sponsored its first cat bond through the issuance of the Series 2019-1 Principal ... Read the full article

Arch returns to the capital markets for additional mortgage reinsurance

1st May 2019

Arch Capital Group Ltd.'s U.S. mortgage insurance subsidiary, Arch Mortgage Insurance Company (Arch MI), has tapped the capital markets for $621 million of indemnity mortgage reinsurance protection. The reinsurance protection is for a pool that represents $35.58 billion of mortgages from Bellemeade Re 2019-2 Ltd., a special purpose reinsurer. The deal is structured ... Read the full article

FEMA returns to capital markets for NFIP risk transfer

21st March 2019

The U.S. Federal Emergency Management Agency (FEMA) has returned to the capital markets as it looks to transfer $300 million of risk from the National Flood Insurance Program (NFIP). FEMA is seeking at least $300 million of collateralised reinsurance protection from insurance-linked securities (ILS) investors through its second catastrophe bond transaction ... Read the full article