Enact Holdings, Inc., a U.S. private mortgage insurance provider, has announced that its wholly owned subsidiary, Enact Mortgage Insurance Corporation, has entered into a quota share reinsurance agreement with a panel of reinsurers as part of its diversified credit risk transfer programme.
Each reinsurer on the panel is currently rated “A-” or better by S&P or A.M. Best Company, Inc., or “A3” or better by Moody’s.
Under the agreement, Enact will cede approximately 35% of a portion of expected new insurance written for the period from 1 January 2028 through 31 December 2028, subject to certain conditions.
Rohit Gupta, President and CEO of Enact, said, “This agreement represents another step in the continued advancement of our CRT program and our prudent approach to managing and distributing risk.
“We remain committed to further strengthening the resilience of our portfolio while driving sustainable long-term value creation for shareholders.”
In October 2025, Enact secured roughly $170 million of additional excess of loss reinsurance as part of its diversified credit risk transfer programme.
In September 2025, the firm entered into a quota share reinsurance agreement, ceding approximately 34% of the expected new insurance written for the period from 1 January 2027 through 31 December 2027.
This follows the firm entering into two quota share reinsurance agreements in December 2024, under which Enact ceded approximately 27% of a portion of expected new insurance written from 1 January through 31 December 2025.
Additionally, Enact ceded approximately 27% of expected new insurance written for the period from 1 January through 31 December 2026.
