Arch Capital Group Issues $199 Million in Mortgage Insurance-Linked Notes

Arch Capital Group Ltd. announced that its mortgage insurance subsidiary, Arch Mortgage Insurance Company (Arch MI), has secured over $249 million of indemnity reinsurance through a debt offering and related reinsurance transaction via Bellemeade Re 2025-1 Ltd. The transaction includes approximately $199 million in bonds and $50 million in direct reinsurance, covering a portfolio of MI policies issued from July 2024 through September 2025. Bellemeade Re 2025-1 Ltd. issued five classes of amortizing notes, each with a 10-year legal final maturity, and the following pricing details: - $39,859,000 class M-1A notes with a coupon of one-month SOFR plus 1.55% - $59,789,000 class M-1B notes with a coupon of one-month SOFR plus 2.50% - $42,706,000 class M-1C notes with a coupon of one-month SOFR plus 3.25% - $37,012,000 class M-2 notes with a coupon of one-month SOFR plus 3.90% - $19,929,000 class B-1 notes with a coupon of one-month SOFR plus 5.05% The notes received ratings from Morningstar DBRS ranging from BBB (low)(sf) for the M-1A class to B (sf) for the B-1 class. This is Arch's first Mortgage Insurance-Linked Note $(MILN)$ transaction of 2025 and marks its 22nd Bellemeade transaction since 2015. No URL for the full prospectus was included in the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arch Capital Group Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251112882547) on November 13, 2025, and is solely responsible for the information contained therein.