Essent Guaranty Inc. is launching Radnor Re 2018-1 Ltd., a $360 million mortgage insurance-linked securities transaction that will transfer a portion of the risk contained within the company's mortgage insurance portfolio to capital market investors, Artemis reported.
Radnor Re 2018-1 Ltd. will issue a $161.3 million M-1 tranche, a $178.3 million M-2 tranche and a $21.2 million class B-1 tranche to investors, according to the report.
