Mortgage Risk - Armum Limited
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Mortgage Risk
Mortgage insurance is a balance sheet risk management tool providing lenders protection against losses on loans following borrower default and property repossession.
Written on a 'Risk Management' approach, Armum has extensive expertise in residential mortgage lending and specialises in providing insurance structures relating to all risks arising from the lending process. Business is managed within Armum Limited and is mainly UK based but cover can also be considered for risks in Europe, USA, Australasia and Asia.
Armum provides bespoke insurance structures to fit lenders' appetite for mortgage risk and economic expectations.
Excess of Loss (MIG)
For mortgage lenders who are willing to retain a set first percentage or value of losses from their mortgage book, the excess of loss product provides protection against further losses up to an agreed level.
Ground Up (MIG)
'Ground up' residential mortgage indemnity (under a delegated authority to lenders) providing cover for all loans in a portfolio above a given 'loan to value' ratio.
Reinsurance of Captives
Captive (re)insurance structures protecting the lender's captive insurance company.
Securitisations
Insurance of securitisation tranches, either by insuring loans pre-securitisation or providing an insurance 'wrap' to enhance mezzanine rated tranches to Armum's Insurance Carriers ratings.
