Arch launches $358m Bellemeade Re mortgage ILS deal
The offering will consist of an $85.1m tranche of Class M-1A notes, a $192.7m tranche of Class M-1B notes, a $40.3m tranche of Class M-2 notes and a $40.3m tranche of Class B-1 notes
Deal marks the Bermuda-based group’s second Bellemeade Re offering of the year and its 17th directly sponsored rated mortgage insurance-linked note transaction overall