Radian Group closes $353mn Eagle Re mortgage ILS deal
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Radian Group closes $353mn Eagle Re mortgage ILS deal

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Radian Group has obtained $353mn of fully collateralised excess-of-loss (XoL) reinsurance coverage for Eagle Re 2023-1, a mortgage ILS.

The reinsurance covers mortgage policies written by Radian Guaranty between 1 April and 31 December 2022.

Eagle Re, a special purpose insurer, formed its reinsurance obligations by issuing four classes of mortgage insurance linked notes (ILNs) with 10-year maturities and...

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