20 March 2018Insurance

Capsicum Re partners with Arch on mortgage pilot programme

Capsicum Re is to serve as a reinsurance broker for Arch Capital Group’s  new mortgage credit risk transfer programme IMAGIN, a part of its new Washington DC-based subsidiary Arch MRT.

Capsicum Re’s mortgage indemnity division, led by Steven Rance, has assembled the panel of re/insurers that will assume 100 percent of the risk from Arch MRT.

Rance said: “This pilot represents a landmark placement in the mortgage credit insurance space. IMAGIN is an efficient, innovative and scalable platform that will allow for a highly secure return of quality capacity to the US housing market.”

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More on this story

Insurance
4 June 2018   Specialist reinsurance broker Capsicum Re has launched a new New York cyber hub, led by Patrick Bousfield who has been promoted to executive director.
Insurance
19 March 2018   Bermuda-based Arch Capital Group (ACGL) has promoted president and chief operating officer (COO) Marc Grandisson to the position of CEO, replacing Constantine Iordanou.
Insurance
14 March 2018   Bermuda-based re/insurer Arch Capital Group is taking part in a new mortgage credit risk transfer pilot programme with Federal Home Loan Mortgage Corporation Freddie Mac.