Arch places $643mn in mortgage default cover through Bellemeade Re
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Arch places $643mn in mortgage default cover through Bellemeade Re

Bernard Goyder
30 March 2021
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Arch has successfully secured $643mn of reinsurance against the risk of a calamity in the housing market causing mortgage defaults, which would trigger claims for the carrier’s mortgage insurance arm, in the first such Bellemeade Re transaction of the year.

The latest deal covers a pool of mortgages with an aggregate value of $38bn, insured by Arch from September to November 2020.

The

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