Radian closes $498mn Eagle Re mortgage ILS deal
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Radian closes $498mn Eagle Re mortgage ILS deal

Alex Frampton
23 April 2021
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Radian Guaranty has obtained $498mn of fully collateralised excess of-loss reinsurance cover on mortgage insurance policies written between August and December 2020 through the Bermuda based special purpose insurer Eagle Re 2021-1.

The Class M-1A notes provide just under $83mn with an insurance spread of 170 bps. The M-1B provides the same sum with a spread of 215 bps while the M-1C notes provide $165.9mn

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Alex Frampton
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