Enact gets $170m of additional XOL reinsurance for 2027 book year

Enact Mortgage Insurance Corporation, the flagship legal entity of private mortgage insurance firm, Enact Holdings, Inc., has secured roughly $170 million of additional excess of loss (XOL) reinsurance as part of its diversified credit risk transfer (CRT) programme.

The announcement explains that this forward XOL reinsurance arrangement covers a portion of expected new insurance written for the 2027 portfolio year, so policies written from January 1st, 2027 through December 31st, 2027, effective from the start of January 2027.

The reinsurance coverage was secured from a panel of currently rated “A-” or better by S&P or AM Best, or “A3” rated or better by Moody’s, three global credit rating agencies.

Rohit Gupta, President and Chief Executive Officer (CEO) of Enact, commented: “Today’s transaction reflects the continued successful execution of our CRT strategy. We remain committed to our disciplined approach to risk management and to continuing to deliver value for all our stakeholders.”

, we reported that Enact had entered into a quota share reinsurance agreement, under which the firm will cede around 34% of a portion of expected new insurance written for the period from January 1st, 2027, through December 31st, 2027.

, the mortgage insurer announced that it had secured some $225 million and $260 million of additional XOL reinsurance for expected new insurance written for the 2025 and 2026 book years.