Arch Mi Secures Over $643 Million Of Indemnity Reinsurance Through Bellemeade Re Insurance-Linked Note Transaction And Related Reinsurance
Mar 30, 2021•over 4 years ago
Amount Raised
$643 Million
Description
Arch Mortgage Insurance Company (Arch MI) announced that it has obtained over $643 million of indemnity reinsurance on a pool representing approximately $38 billion of mortgages from Bellemeade Re 2021-1 Ltd., a special purpose reinsurer. The coverage was obtained by issuing approximately $580 million in bonds and $64 million in direct reinsurance. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates from September through November 2020.
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