Enact Mortgage Insurance Enters Into Quota Share Reinsurance Agreement; Enact Will Cede 13.125% Of A Portion Of Current And Expected New Insurance Written For The Period From January 1, 2023 Through December 31, 2023
Portfolio Pulse from Happy Mohamed
Enact Holdings, Inc. (NASDAQ:ACT) has entered into a quota share reinsurance agreement, under which it will cede 13.125% of a portion of current and expected new insurance written for the period from January 1, 2023 through December 31, 2023. Since 2015, Enact has executed approximately $4.7 billion of Excess of Loss CRT transactions, including reinsurance coverage of approximately $2.9 billion with highly rated reinsurers.

July 05, 2023 | 8:05 pm
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Enact Holdings has entered into a quota share reinsurance agreement, which could potentially reduce its risk exposure and improve its capital efficiency.
The reinsurance agreement allows Enact to cede a portion of its risk to other insurers, which could reduce its overall risk exposure and improve its capital efficiency. This could potentially make the company more attractive to investors, leading to a positive impact on its stock price.
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