arch

Arch markets MILN

Category: Insurance-linked securities Capital Relief Trades


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Second Bellemeade deal of 2021 in the market, pricing soon

Arch is currently in the market its second mortgage insurance-linked note (MILN) of the year, and the trade is expected to price tomorrow or Friday, say sources.

The transaction, dubbed Bellemeade Re 2021-2, should close next week or the week after.

Overall deal size is expected to be around $500m, and it will consist of five tranches: the M-1A M-1B, M-1C, M2 and B1.

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