Mortgage

The partnership is Fidelis Insurance Group’s first third-party capacity deal.

Arch stands out among hybrids, but Axis and Everest grind it out.

Grandisson's sudden retirement could mean a complicated future for Arch.

The consideration is expected to be around $140mn plus a $25mn dividend.

Under an advisory agreement, Enact will provide underwriting expertise, market intelligence and portfolio analysis.

The rating agency cited economic recovery, a strong housing market and improved capitalization as key factors driving its revision.

The acquisition adds to Arch’s mortgage insurance operations in Bermuda, Europe and the US.

Transaction marks the company’s second mortgage ILS deal of the year.

The impact of the pandemic on the mortgage insurance market has been muted thus far.

As the pandemic unfolds, the mortgage (re)insurance market—a boon to the industry since the last economic crisis—is more exposed to the larger macroeconomic cycle than the traditional P&C business.

Genworth Financial sells its majority stake to Brookfield to "increase the liklihood" of completing its takeover by Oceanwide.