Mortgage Guarantee Insurance Corporation ( MGIC ) has returned to the capital markets to increase its reinsurance capacity . - Author: Charlie Wood One of the largest mortgage insurers in the United States, Mortgage Guaranty Insurance Corporation (MGIC), has sought $318.6 million of capital markets-backed reinsurance capacity with its first insurance-linked securities (ILS) transaction, according to our sister site Artemis. The Group has issued its first equity - linked security , raising $ 318.6 m through the process . Group 's parent company , MGIC Investment Corporation , paid approximately $ 500 m worth of premium for H1 insurance .
Mortgage Guarantee Insurance Corporation ( MGIC ) has returned to the capital markets to increase its reinsurance capacity . The Group has issued its first equity - linked security , raising $ 318.6 m through the process . Group 's parent company , MGIC Investment Corporation , paid approximately $ 500 m worth of premium for H1 insurance .