Changing regulatory and rating agency environmental or economic conditions can force lenders and insurance companies to meet increased capital requirements and experience capital loss. Tokio Marine HCC provides mortgage default protection to lenders, insurance companies, repo-counterparties, investors and residential and multi-family mortgage-backed security bond holders to mitigate the risk of mortgage default.
- No minimum term
- Maximum term of coverage: 30 years
- Typical transaction: 10 years
- Mortgage insurance companies
- Mortgage-backed security bondholders
- Security lending agents
- Multi-family mortgage lenders
Summary of Coverage
Acceptable markets are the United States, United Kingdom, Australia, Canada and select European countries. Other locales will be considered on a transactional basis. Underlying insured mortgages should have prime underwriting characteristics. Acceptable review by Tokio Marine HCC of the underlying underwriting guidelines and origination procedures of the (re)insured is critical.
Why Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.