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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