Ken Bjurstrom joins Euclid Mortgage as Chief Risk Officer

Euclid Mortgage, an independent managing general underwriter specialising in mortgage (re)insurance, has appointed Ken Bjurstrom as Chief Risk Officer, bringing over 35 years of expertise in mortgage risk analytics and advisory services to his new role.

Previously, Bjurstrom was the Principal and founder of Milliman’s Mortgage Credit Risk Practice, established more than 25 years ago.

Under his guidance, the practice became a global authority in evaluating financial risks related to mortgage origination, servicing, and credit enhancement through mortgage guaranty insurance and reinsurance.

Joe Monaghan, Euclid Mortgage Chief Executive Officer, commented: “We are thrilled to have Ken as a Principal and Chief Risk Officer. His experience and credentials are unmatched and will elevate our ability to serve cedents and carrier partners to the highest level.”

Bjurstrom has a distinguished track record of advising mortgage banks, insurers, reinsurers, and government agencies—both in the US and internationally—on mortgage credit risk management and enhancement strategies.

Bjurstrom added: “I am thrilled to join Euclid Mortgage and lead the development of a next-generation, AI-driven mortgage risk analytics platform.

With our team’s extensive experience navigating multiple mortgage cycles, I am confident that our deep industry expertise, combined with advanced machine learning and data analytics, will not only deliver innovative, predictive solutions for cedents but also drive sustained profitability for our carrier partners in this rapidly evolving digital landscape.”

His wide-ranging expertise includes mortgage underwriting, credit risk transfer (CRT), portfolio valuation, capital management, pricing, loan loss reserving, risk management, and housing policy.

Over the past decade, his team has been instrumental in supporting the Federal Housing Administration’s Mutual Mortgage Insurance Fund and several State Housing Finance Agencies.

John Colis, President and CEO of Euclid Insurance Services, said: “Ken brings more than 35 years of mortgage risk assessment to our team. In addition to Joe Monaghan and Joe Hissong, no team can match the nearly nine decades of mortgage risk experience that Euclid Mortgage possesses which is a true asset in this class of business that has long performance cycles that play out over decades.”

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