Enact Mortgage Insurance Enters into Two Quota Share Reinsurance Agreements
Enact Holdings, Inc. (ACT)
US:NYSE Investor Relations:
advisorshares.com/fund/act
Company Research
Source: GlobeNewswire
RALEIGH, N.C., Dec. 03, 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 entered into two quota share reinsurance agreements with a broad panel of highly-rated reinsurers. Under the agreements, and subject to certain conditions, Enact will cede approximately 27% of a portion of expected new insurance written for the period from January 1, 2025 through December 31, 2025 and will cede approximately 27% of a portion of expected new insurance written for the period from January 1, 2026 through December 31, 2026. “We are pleased to have entered into these two new quota share reinsurance agreements, which represent a continuation of our commitment to prudent risk management and capital optimization while also supporting our ability to serve our customers,” said Rohit Gupta, President and CEO of
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ACT
Earnings
- 11/6/24 - Beat
ACT
Sec Filings
- 12/12/24 - Form 4
- 12/9/24 - Form 4
- 12/9/24 - Form 4
- ACT's page on the SEC website