Arch Capital cancels $1.7bn of mortgage ILS due to S&P criteria change
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Arch Capital cancels $1.7bn of mortgage ILS due to S&P criteria change

Liz Bury
21 November 2023
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Arch Capital subsidiaries Arch Mortgage Insurance Co and United Guaranty Residential Insurance Co have terminated $1.7bn of aggregate excess of loss mortgage reinsurance agreements.

The two firms are cedants to the Bellemeade Re mortgage ILS deals.

Arch said the terminations were due to the changes in S&P’s insurer risk-based capital adequacy criteria, released last week after a nearly two-year development phase.

Arch

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NewsRegulationBermudaArch Capital
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