Enact Completes Forward XOL Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program
Enact (ACT) Newsfilter·2024-02-02 05:20
RALEIGH, N.C., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured approximately $255 million of additional excess of loss (XOL) reinsurance coverage. This credit risk transfer (CRT) transaction covers a portion of expected new insurance written for the 2024 book year (policies written from January 1, 2 ...