Key Facts of CRI

HFGARe work through and with sound and solid lenders and insurers within each jurisdiction. The lenders make the loans under agreed terms and conditions, the insurers guarantee a portion of the lender risk and they reinsure either to HFGARe or HFG(I) ICC, or a local reinsurer. Where there is a local reinsurer, it will retrocede a portion of the risk to one of the companies, depending on jurisdiction. In all instances the lender is the insured, and all parties to the transaction – borrower, lender, insurer, reinsurer, retrocessionaire – must be at risk. The borrower has the most to lose, as the underlying thesis is “no pay no stay”, so that a defaulting borrower loses the house.