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Reinsurance - Coverage and retention (Details) - Variable Interest Entity, Not Primary Beneficiary
$ in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance $ 2,559
Current Coverage 1,553
Remaining Retention, Net $ 1,017
Amortization period 10 years
Bellemeade 2019-1 Ltd  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance $ 342 [1]
Current Coverage 71 [1]
Remaining Retention, Net 134 [1]
Bellemeade 2019-3 Ltd  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 701 [2]
Current Coverage 99 [2]
Remaining Retention, Net 218 [2]
Bellemeade 2021-3 Ltd  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 639 [3]
Current Coverage 541 [3]
Remaining Retention, Net 134 [3]
Bellemeade 2021-3 Ltd | Funded By VIE  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 508
Bellemeade 2021-3 Ltd | Directly provided capacity  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 131
Bellemeade 2022-1 Ltd  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 317 [4]
Current Coverage 282 [4]
Remaining Retention, Net 141 [4]
Bellemeade 2022-1 Ltd | Funded By VIE  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 284
Bellemeade 2022-1 Ltd | Directly provided capacity  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 33
Bellemeade 2022-2 Ltd  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 327 [5]
Current Coverage 327 [5]
Remaining Retention, Net 205 [5]
Bellemeade 2022-2 Ltd | Funded By VIE  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 201
Bellemeade 2022-2 Ltd | Directly provided capacity  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 126
Bellemeade 2023-1 Ltd  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 233 [6]
Current Coverage 233 [6]
Remaining Retention, Net 185 [6]
Bellemeade 2023-1 Ltd | Funded By VIE  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance 187
Bellemeade 2023-1 Ltd | Directly provided capacity  
Variable Interest Entity [Line Items]  
Initial Coverage at Issuance $ 47
[1] Issued in March 2019, covering in-force policies primarily issued between 2005 to 2008 under United Guaranty Residential Insurance Company (“UGRIC”); as well as policies issued through 2015 under both UGRIC and Arch Mortgage Insurance Company.
[2] Issued in July 2019, covering in-force policies issued in 2016.
[3] Issued in September 2021, covering in-force policies issued between April 1, 2021 and June 30, 2021. $508 million was directly funded by Bellemeade Re 2021-3 Ltd. via insurance-linked notes, with an additional $131 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers
[4] Issued in January 2022, covering in-force policies issued between July 1, 2021 and November 30, 2021. $284 million was directly funded by Bellemeade Re 2022-1 Ltd. via insurance-linked notes, with an additional $33 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers.
[5] Issued in September 2022, covering in-force policies issued between November 1, 2021 and June 30, 2022. $201 million was directly funded by Bellemeade Re 2022-2 Ltd. via insurance-linked notes, with an additional $126 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers
[6] Issued in October 2023, covering in-force policies issued between January 1, 2023 and September 30, 2023. $187 million was directly funded by Bellemeade Re 2023-1 Ltd. via insurance-linked notes, with an additional $47 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers