![]() ![]() We are pleased with the continued support from our investors particularly during difficult market conditions."Īrch Capital Group Ltd., a publicly listed Bermuda exempted company with approximately $15.1 billion in capital at June 30, 2022, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.Ĭautionary Note Regarding Forward-looking Statements "Our Bellemeade program continues to be is an important part of Arch MI’s risk and capital management strategy said Jim Bennison, EVP, Alternative Markets for Arch MI. ![]() $21,574,000 class B-1 notes with a coupon equal to one-month SOFR plus 1200 basis points.Īdditionally, a total of $157,424,000 was placed with a panel of reinsurers. $21,574,000 class M-2 notes with a coupon equal to one-month SOFR plus 925 basis points. $105,000,000 class M-1B notes with a coupon equal to one-month SOFR plus 750 basis points. $52,857,000 class M-1A notes with a coupon equal to one-month SOFR plus 400 basis points. Pricing detail for the four classes of offered notes is below: The B-1 received a B (high) from DBRS Morningstar and was not rated by Moody’s. The M-2 class received a B3 rating from Moody’s and BB (low) from DBRS Morningstar. The M-1B class of notes received a Ba3 from Moody’s and BB (high) from DBRS Morningstar. The senior M-1A class of notes received a Baa3 rating from Moody’s and BBB (high) from DBRS Morningstar. is funding its reinsurance obligations through the issuance of four classes of amortizing notes with 10-year legal final maturities. Since the Bellemeade program began in 2015, Arch has completed 19 transactions which have secured over $9 billion in indemnity reinsurance.īellemeade Re 2022-2 Ltd. This Mortgage Insurance-Linked Note (MILN) transaction is Arch’s second of 2022. This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates from Nov. The coverage was obtained by issuing approximately $201 million in bonds and $157 million in direct reinsurance. GREENSBORO, N.C., September 30, 2022-( BUSINESS WIRE)-Arch Mortgage Insurance Company (Arch MI) announced that it has obtained over $358 million of indemnity reinsurance on a pool representing approximately $51.7 billion of mortgages from Bellemeade Re 2022-2 Ltd., a special purpose reinsurer. ![]()
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