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Arch MI Secures Over $203 Million Indemnity Reinsurance with Bellemeade Re 2024-1 Ltd.
Aug 15, 2024•almost 2 years ago
Contract Type
partnership
GreensboroFinancial ServicesLending
Description
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., a special purpose reinsurer. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates primarily from September 2023 through July 2024.
Company Information
Company
Arch MI
Location
Greensboro, North Carolina, United States
About
Arch U.S. MI Holdings Inc. (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., is a leading provider of private insurance covering mortgage credit risk in the U.S. Its mission is to protect lenders against credit risk while extending the possibility of responsible homeownership to qualified borrowers.