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.”

Join us at Intelligent Automation in Insurance - London 2018. Spring Special:  Book before March 31st and save £200.

More of today's news

Lloyd’s issues electronic placement mandate

Aon Benfield appoints new Bermuda CEO, chairman in expansion move

NZ earthquake commission raises cap limit

Aon UK appoints new chief risk officer from JLT

Gallagher Bassett names new UK CEO

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

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.
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
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.