Reinsurance News
Enact Mortgage
Enact gets $170m of additional XOL reinsurance for 2027 book year
31st October 2025
Enact Mortgage Insurance Corporation, the flagship legal entity of private mortgage insurance firm, Enact Holdings, Inc., has secured roughly $170 million of additional excess of loss (XOL) reinsurance as part of its diversified credit risk transfer (CRT) programme. The announcement explains that this forward XOL reinsurance arrangement covers a portion of ... Read the full article
Enact Re appoints Marty Scherzer as CEO
17th February 2025
Enact Re, part of Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has appointed Marty Scherzer as its new Chief Executive Officer (CEO), based in New York, effective immediately. Scherzer is an industry veteran who started his career at Johnson & Higgins as a consultant. ... Read the full article
Enact secures additional XOL reinsurance coverage for 25/26 book years
28th January 2025
Enact has revealed that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured approximately $225 million and $260 million of additional excess of loss (XOL) reinsurance coverage. These credit risk transfer (CRT) transactions cover a portion of the expected new insurance written for the 2025 book year (policies written from ... Read the full article
S&P assigns Enact Re A- rating as strong performance continues
22nd August 2024
Enact Re, a subsidiary of Enact Mortgage Insurance Company (EMICO), has received an A- rating from S&P Global Ratings, with a stable outlook. This is the first rating assigned to Enact Re by S&P and the second rating since its launch, which underscores continued strong performance, Enact stated. Rohit Gupta, Enact’s President ... Read the full article
Enact secures additional $90mn XoL reinsurance cover
28th June 2024
Mortgage insurer Enact Holdings, Inc. secured the $90 million of additional excess of loss (XoL) reinsurance protection as part of its credit risk transfer (CRT) programme. This CRT transaction covers a portion of existing mortgage insurance policies written from July 1st, 2023 through December 31st, 2023 and is effective June 1st, ... Read the full article
Enact secures additional $255m of XoL reinsurance coverage
2nd February 2024
Mortgage insurer Enact Holdings, Inc. secured the $255 million of additional excess of loss (XoL) reinsurance protection as part of its credit risk transfer (CRT) programme. This CRT transaction covers a portion of expected new insurance written for the 2024 book year and is effective January 1st, 2024. Enact's flagship legal entity, ... Read the full article
Enact enters into new quota share reinsurance agreement
4th January 2024
Enact Holdings, Inc., the private mortgage insurer through its insurance subsidiaries, has entered into a quota share reinsurance agreement with a broad panel of highly rated reinsurers. This transaction is done by the company through its flagship legal entity, Enact Mortgage Insurance Corporation. Enact will cede approximately 21% of a portion of ... Read the full article
Enact completes sixth mortgage insurance-linked note transaction
16th November 2023
Enact Holdings' flagship legal entity, Enact Mortgage Insurance Corporation, has secured $248 million of fully collateralized excess of loss reinsurance coverage through the issuance of an insurance-linked note transaction with Triangle Re 2023-1 Ltd. According to Enact, the transaction provides coverage on a portfolio of existing seasoned mortgage insurance policies written ... Read the full article
Core Specialty enters mortgage reinsurance market
29th August 2023
Core Specialty Insurance Holdings, Inc., and its subsidiaries have entered the mortgage reinsurance market in collaboration with Enact Holdings, Inc. According to the announcement, Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. As part of this initiative, Core Specialty has also entered into an ... Read the full article
AM Best assigns “Excellent” credit ratings to newly launched Enact Re
2nd August 2023
US private mortgage insurance provider, Enact has launched a new Bermuda-based reinsurer, Enact Re Ltd. As a newly non-exclusive affiliate, it intends to operate primarily as a mortgage reinsurer but could eventually broaden its reach to write third-party business too. Enact Re received its class 3A Bermuda (re)insurance licence in May 2023. ... Read the full article
Enact Mortgage Insurance secures quota share reinsurance coverage
6th July 2023
Enact Holdings, Inc. has announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured a 13.125% quota share reinsurance agreement with a broad panel of highly rated reinsurers. Under the agreement, subject to certain conditions, Enact will transfer 13.125% of a portion of its current and expected new insurance ... Read the full article
Enact Mortgage completes $180m XOL reinsurance deal
9th March 2023
Private mortgage insurance provider Enact Holdings has announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured $180 million of additional excess of loss (XOL) reinsurance coverage. This credit risk transfer (CRT) transaction covers a portion of current and expected new insurance written for the 2023 book year and ... Read the full article
Enact Mortgage secures $201mn credit risk transfer
20th September 2022
Enact Holdings has announced that its flagship entity, Enact Mortgage Insurance Corporation has secured $201 million of additional excess of loss (XOL) reinsurance coverage. This credit risk transfer (CRT) transaction covers a portfolio of existing mortgage insurance policies written from January 1, 2022 through June 30, 2022, and is effective from ... Read the full article
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