US mortgage insurers increasingly tap CRT market

By Alexander Saeedy
21 Nov 2018

Credit risk transfer deals were pioneered by the US government-sponsored enterprises (GSEs) as a means to limit taxpayer liability to the quasi-public entities’ massive portfolio of mortgages. But private mortgage insurers have followed suit and are transferring a portion of their insurance risk in similarly structured deals.

Last week, US mortgage insurer Radian Guaranty completed its first mortgage insurance-linked securities (ILS) transaction, a deal which helped it secure $434m through a newly formed special purpose insurance trust, Eagle Re 2018–1 Ltd. Credit Suisse led the deal.

The firm was able to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.