Essent Guaranty: Essent Guaranty closes $363.4m mortgage reinsurance transaction

Essent Group's wholly-owned subsidiary, Essent Guaranty, has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through to July 2024 from Radnor Re 2024-1 Ltd., a newly formed Bermuda special purpose insurer. Radnor Re 2024-1 Ltd. reportedly funded its reinsurance obligations through the issuance of [...] The post Essent Guaranty closes $363.4m mortgage reinsurance transaction appeared first on ReinsuranceNe.ws.