Enact Mortgage Insurance Enters into Two Forward XOL Reinsurance Transactions as Part of its Diversified Credit Risk Transfer Program
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Enact Mortgage Insurance has entered into two forward excess of loss (XOL) reinsurance transactions, securing approximately $225 million and $260 million in coverage from third-party providers. This is part of its diversified credit risk transfer program.
January 27, 2025 | 9:30 pm
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Enact Mortgage Insurance has secured $485 million in reinsurance coverage through two forward XOL transactions, enhancing its credit risk transfer program.
The reinsurance transactions provide significant financial backing, reducing Enact's risk exposure and potentially improving its credit profile. This could positively impact investor sentiment and the stock price.
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