Essent closes $238m mortgage ILS deal
Issuance comprises an $84.1m tranche of Class M-1A notes, an $88.3m tranche of Class M-1B notes, a $49.1m tranche of Class M-2 notes and a $16.4m tranche of Class B-1 notes
Deal covers mortgage insurance policies Essent Guaranty wrote between October 2021 and June 2022