Core Specialty enters mortgage reinsurance market via Enact collaboration

Core Specialty Insurance Holdings entered the mortgage reinsurance market in collaboration with Enact Holdings. Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. As part of this initiative, Core Specialty has entered into an advisory agreement whereby Enact will provide underwriting expertise, market intelligence including trends, and portfolio analysis of the written business in support of Core Specialty’s underwriting. Core Specialty has applied for and received approval from Government Sponsored Entities Freddie Mac and Fannie Mae as a new reinsurance counterparty participant.