Enact Re appoints Marty Scherzer as CEO

Enact Re, part of Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has appointed Marty Scherzer as its new Chief Executive Officer (CEO), based in New York, effective immediately.

Scherzer is an industry veteran who started his career at Johnson & Higgins as a consultant. He spent over 12 years at the firm in roles of increasing responsibility.

Between 1997 and 2001, Scherzer worked at insurance broker Marsh and the firm’s parent, Marsh McLennan, before joining global insurer AIG as SVP, Chief Underwriting Officer, Risk Finance. He spent more than 14 years with AIG in numerous roles, latterly as President of Alternative Risk Solutions.

In June 2016, he joined Everest Reinsurance as SVP and Head of Structured Solutions, a role he left in April 2022.

Since Everest, Scherzer has served as a consultant for multiple start-ups across insurance and financial services.

In January, Enact Mortgage Insurance Corporation secured approximately $225 million and $260 million of additional excess of loss (XOL) reinsurance coverage.

These credit risk transfer (CRT) transactions cover a portion of the expected new insurance written for the 2025 book year (policies written from January 1, 2025, through December 31, 2025) and the 2026 book year (policies written from January 1, 2026, through December 31, 2026), respectively.

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