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Enact signs 35% quota share reinsurance deal for 2028 risk

The agreement covers about 35% of expected new insurance written between Jan. 1, 2028, and Dec. 31, 2028, using a panel of reinsurers rated A- or higher by S&P or A.M. Best.

Reported · Written up by our desk · Reinsurance

Enact Holdings, Inc. said its wholly owned subsidiary, Enact Mortgage Insurance Corporation, has entered into a quota share reinsurance agreement with a panel of reinsurers as part of its diversified credit risk transfer programme, Reinsurance News reports.

Under the agreement, Enact will cede approximately 35% of a portion of expected new insurance written for the period from 1 January 2028 through 31 December 2028, subject to certain conditions.

The reinsurer panel is rated “A-” or better by S&P or A.M. Best, or “A3” or better by Moody’s, according to the announcement.

Enact’s President and CEO Rohit Gupta said the deal is another step in advancing its CRT program and its approach to managing and distributing risk.

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