Reinsurance News
Essent Group
Essent Guaranty closes $363.4m mortgage reinsurance transaction
25th September 2024
Essent Group's wholly-owned subsidiary, Essent Guaranty, has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through to July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. reportedly funded its reinsurance obligations ... Read the full article
Essent Group closes $281.5m reinsurance deal & related mortgage insurance-linked notes
9th August 2023
Essent Group, a Bermuda-based holding company, has announced that its wholly-owned subsidiary, Essent Guaranty, Inc., has obtained $281.5 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies. The reinsurance applies to policies that were written in August 2022 through to June 2023 from Radnor Re 2023-1 ... Read the full article
Essent promotes David B. Weinstock to CFO
16th March 2023
Essent Group has announced the promotion of David B. Weinstock to the role of Senior Vice President, Chief Financial Officer (CFO). Weinstock has served as the firm's interim CFO since June 28, 2022, and as Vice President and Chief Accounting Officer since 2009. He holds more than 25 years of experience in ... Read the full article
Essent closes $237.9m capital markets mortgage deal
22nd September 2022
Essent Group subsidiary Essent Guaranty has obtained $237.9 million of fully collateralized excess of loss mortgage reinsurance coverage from the capital markets. The reinsurance applies to policies written in October 2021 through July 2022 from Radnor Re 2022-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2022-1 has ... Read the full article
Essent Group makes new appointment to board of directors
20th September 2022
Essent Group has appointed Dr. Anu (Henna) A. Karna to its board of directors. Dr. Karna currently served as the global general manager of industry solutions for insurance, reinsurance, and risk management at Google cloud (Alphabet Inc.) since 2020, where she leads the global insurance strategy, solutions, and innovation. From 2017 ... Read the full article
Essent Guaranty promotes Christopher Curran to President
9th December 2021
Essent Group has promoted Christopher Curran to the role of President for its Essent Guaranty subsidiary. As President, Curran will have responsibility for the overall operations of the mortgage insurance (MI) company including, business development, IT, operations, public policy and risk. He will report directly to Mark Casale who will continue to ... Read the full article
Essent secures $439mn mortgage reinsurance transaction
17th November 2021
Essent Group subsidiary Essent Guaranty has obtained $439.4 million of fully collateralised excess of loss reinsurance coverage on mortgage insurance policies written in April 2021 through September 2021. The cover was obtained from newly formed Bermuda special purpose insurer Radnor Re 2021-2. Radnor Re 2021-2 Ltd. is not a subsidiary or an ... Read the full article
Essent Guaranty secures $558mn from capital markets
24th June 2021
Essent Group subsidiary Essent Guaranty has obtained $557.9 million of fully collateralised excess of loss reinsurance coverage. The coverage is on mortgage insurance policies written in August 2020 through March 2021 from Radnor Re 2021-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2021-1 Ltd. has funded its ... Read the full article
Essent secures $400mn of mortgage reinsurance from capital markets
9th October 2020
Bermuda-domiciled mortgage insurer Essent Group's subsidiary Essent Guaranty has secured $399.2 million of fully collateralised excess of loss reinsurance coverage from the capital markets. The reinsurance covers mortgage insurance policies written in September 2019 through July 2020 and is from Radnor Re 2020-2 Ltd. Radnor Re 2020-2 Ltd is a newly formed Bermuda ... Read the full article
Reinsurance use supports Essent Group’s strong Q2 performance
2nd August 2019
Essent Group Ltd. has reported net income of $136.4 million for the second-quarter of 2019 compared with $111.8 million in the prior year quarter, assisted by growth in net premiums earned and an improved expense ratio, partly offset by an increase in losses and loss adjustment expenses (LAE) in the ... Read the full article
Essent obtains further $334mn of mortgage reinsurance from capital markets
24th June 2019
Bermuda domiciled mortgage insurer Essent Group Ltd. has announced that its subsidiary, Essent Guaranty, Inc., has secured a further $333.8 million of fully collateralised excess of loss reinsurance coverage from the capital markets. The coverage was obtained through Radnor Re 2019-2 Ltd, a newly formed Bermuda special purpose insurer, and relates ... Read the full article
Essent secures $473mn mortgage reinsurance from capital markets
4th March 2019
Essent Group Ltd. has announced that its subsidiary, Essent Guaranty, Inc., has secured $473.2 million of fully collateralised excess of loss reinsurance coverage from the capital markets. The coverage was obtained through Radnor Re 2019-1 Ltd, a newly formed Bermuda special purpose insurer, and relates to mortgage insurance policies written by ... Read the full article
Essent Group add experience to Board of Directors with new additions
31st May 2018
Bermuda-domiciled Essent Group has announced the appointment of Jane P. Chwick and Angela Heise to its Board of Directors. Commenting on the appointment, Mark Casale, Chairman and Chief Executive Officer (CEO) said, “We are very pleased to have Jane and Angela join our Board of Directors, They both bring tremendous depth ... Read the full article
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