Essent Group Announced That Its Subsidiary Has Obtained $363.4M Of Fully Collateralized Excess Of Loss Reinsurance Coverage On Mortgage Insurance Policies Written In July 2023 Through July 2024 From Radnor Re 2024-1
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Essent Group's subsidiary has secured $363.4 million in fully collateralized excess of loss reinsurance coverage for mortgage insurance policies from Radnor Re 2024-1, covering policies written from July 2023 to July 2024.
September 25, 2024 | 10:31 am
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Essent Group's subsidiary has obtained $363.4 million in reinsurance coverage from Radnor Re 2024-1 for mortgage insurance policies, enhancing financial stability and risk management.
The reinsurance coverage reduces Essent Group's risk exposure on mortgage insurance policies, potentially improving financial stability and investor confidence. This strategic move is likely to be viewed positively by the market.
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