Capsicum Re, the specialist reinsurance broker, today confirms its role as reinsurance broker working with the Arch Capital Group Ltd.’s (NASDAQ:ACGL) new Washington D.C. based subsidiary, Arch MRT, on the new mortgage credit risk transfer program, ‘IMAGIN’ (Integrated Mortgage Insurance).
Working in conjunction with Arch, Capsicum Re’s mortgage indemnity division, led by Steven Rance, has assembled the panel of highly rated (re)insurers that will assume 100% 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.”
For further information, please contact:
Rupert Swallow – CEO
+44 (0)207 234 4075
Steven Rance – director of mortgage risk
+44 (0)207 560 3157
Notes to editors
Founded by Grahame Chilton and Rupert Swallow in 2013, Capsicum Reinsurance Brokers LLP Group (“Capsicum Re”) is a reinsurance broker working in partnership with Arthur J. Gallagher as its primary treaty reinsurance broking outlet. Based out of offices in London, Bermuda, Rio de Janeiro, Miami and Santiago, Capsicum Re is focused on attracting the best advocates in the market to provide bespoke and specialist reinsurance advice and products; it boasts the foremost broking teams in the specialist areas of the market that it focuses on.