Arch Capital Group Ltd. announced that its mortgage insurance subsidiary, Arch Mortgage Insurance Company (Arch MI), has secured over $249 million of indemnity reinsurance through a debt offering and related reinsurance transaction via Bellemeade Re 2025-1 Ltd. The transaction includes approximately $199 million in bonds and $50 million in direct reinsurance, covering a portfolio of MI policies issued from July 2024 through September 2025. Bellemeade Re 2025-1 Ltd. issued five classes of amortizing notes, each with a 10-year legal final maturity, and the following pricing details: - $39,859,000 class M-1A notes with a coupon of one-month SOFR plus 1.55% - $59,789,000 class M-1B notes with a coupon of one-month SOFR plus 2.50% - $42,706,000 class M-1C notes with a coupon of one-month SOFR plus 3.25% - $37,012,000 class M-2 notes with a coupon of one-month SOFR plus 3.90% - $19,929,000 class B-1 notes with a coupon of one-month SOFR plus 5.05% The notes received ratings from Morningstar DBRS ranging from BBB (low)(sf) for the M-1A class to B (sf) for the B-1 class. This is Arch's first Mortgage Insurance-Linked Note $(MILN)$ transaction of 2025 and marks its 22nd Bellemeade transaction since 2015. No URL for the full prospectus was included in the document.