Arch Mortgage Insurance Company (Arch MI) has announced that it has obtained over $315 million of indemnity reinsurance on a pool representing approximately $6.3 billion of mortgages from Bellemeade Re 2022-1 Ltd., a special purpose reinsurer.
The coverage was obtained by issuing approximately $282 million in bonds and $33 million in direct reinsurance.
This transaction largely covers a portfolio of MI policies issued by Arch MI and affiliates from July through November 2021.
