Mortgage ILS landmark imminent

Category: Insurance-linked securities ABS

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United Guaranty is in the market with Bellemeade Re 2017-1 (see SCI's deal pipeline). The mortgage insurance securitisation is the first of its type to be publicly rated, potentially opening the gates for an increase in similar issuance.

The US$368.11m mortgage insurance-linked securitisation (mortgage ILS) has been rated by Morningstar Credit Ratings.

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