Amwins’ ARC launches Portfolio Credit program

Applied Risk Capital ( ARC ), an MGA within Amwins Underwriting, has launched a Portfolio Credit program, expanding its non-payment insurance offering from individual leveraged finance exposures to diversified pools of credit risk.

The program covers pools of corporate, sponsor-backed and asset-based credit, including fund-level financing, bank risk transfers and tranched debt structures. It targets banks managing balance sheets and regulatory capital, asset managers financing funds, and insurers seeking rated credit exposure.

Coverage is available on S&P A+ / Moody’s A1-rated paper, with limits of up to $100 million per transaction. Insured tranches must sit above equity or first-loss positions, with meaningful subordinated capital absorbing losses before the covered tranche.

The program spans North America, the UK, Western Europe and select other developed markets. ARC has underwritten non-payment insurance for the leveraged finance market since 2020.