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Essent Group unveils $473.2m reinsurance transaction
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Bermuda-based holding company Essent Group’s mortgage insurance subsidiary Essent Guaranty has obtained $495.9 million of fully collateralised excess of loss reinsurance coverage on mortgage insurance policies written by Essent in January through August 2019 from Radnor Re 2020-1, a newly formed Bermuda special purpose insurer. Radnor Re 2020-1 is not a subsidiary or an affiliate of Essent Group.
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Essent Group, Mortgage insurance, Insurance, Reinsurance, Bermuda
