NMI Sponsors $364 Million Oaktown Re VII Mortgage Insurance Linked Bonds

NMI Sponsors 4 Million Oaktown Re VII Mortgage Insurance Linked Bonds

Mortgage insurance group NMI Holdings, Inc. has returned to the capital markets to sponsor the second mortgage-linked bond issuance of the year. Oaktown Re VII Ltd. transaction.Earlier this year, NMI sponsored the largest mortgage-linked securities (ILS) issuance to date, successfully closing a $367 million Oaktown Re VI Ltd. agreement. NMI has acquired through these Oaktown … Read more

Arch’s New Bellemeade Re-Issue Closes at $508 Million, Plus $131.5 Million in Reinsurance

Arch Capital Group, the Bermuda-headquartered specialty insurance and reinsurance company, ultimately secured nearly $508 million in mortgage reinsurance through its latest Bellemeade Re 2021-3 Ltd. mortgage ILS transaction, but at the same time added an additional $131.5 million in reinsurance from the traditional market.As we explained over a week ago, Arch Capital was back in … Read more

Arch seeks ILS third mortgage of 2021, $511.5 million Bellemeade Re 2021-3

Arch Capital Group, the Bermuda-headquartered specialty insurance and reinsurance company, has returned to the capital markets and insurance-related securities (ILS) seeking greater reinsurance protection for mortgages, launching its third $511 ILS mortgage deal of the year. .5 million Bellemeade Re 2021-3 Ltd. transaction.Arch is the most prolific sponsor of mortgage-linked bonds (ILNs) or ILSs, having … Read more

Genworth Completes Fifth ILS Mortgage, a $372 Million Triangle Re 2021-3

Genworth Completes Fifth ILS Mortgage, a 2 Million Triangle Re 2021-3

Genworth Financial has completed its fifth mortgage-linked securities (ILS) issuance, its third so far in 2021, with completion at $372 million Triangle Re 2021-3 Ltd. transaction.The fact that the company has now returned to capital markets and insurance-related securities (ILS) three times in 2021 reflects the growing importance of reinsurance from outside sources of capital … Read more

Bermuda Speeds Up SPI Registration for Cat Bonds to Just Three Days

Bermuda Speeds Up SPI Registration for Cat Bonds to Just Three Days

Catastrophe bond sponsors looking to establish their issuance structures in Bermuda can now benefit from much faster licensing and registration of new cat bond vehicles, with the process streamlined by the regulator and taking just three business days.The Bermuda Monetary Authority (BMA) said today that a new, faster registration process for catastrophe bond issuance is … Read more

BMA seeks a more seamless market with improvements to the ILS process: Brad Adderley, Appleby

BMA seeks a more seamless market with improvements to the ILS process: Brad Adderley, Appleby

Recent changes made by the Bermuda Monetary Authority (BMA) to improve processes specific to disaster and mortgage bonds show that the island is listening to its customers and adapting better to increasing competition, said Brad Adderley, Partner at Global Law firm Appleby.The BMA, the financial market regulator for Bermuda, made a number of improvements to … Read more

MGIC Sponsors $398 Million Second Home Re-mortgage ILS of 2021

MGIC Sponsors 8 Million Second Home Re-mortgage ILS of 2021

MGIC Investment Corporation has returned to the capital markets in search of more collateralized reinsurance with its second mortgage insurance-linked securities (ILS) deal of the year, as it has a sponsorship of approximately $398 million Home Re 2021-2 Ltd. issue.This will be the fourth time MGIC Investment Corporation has tapped into investor interest in the … Read more