Genworth Financial places new reinsurance treaty for European mortgage insurance
Specialist insurer Genworth Financial has placed a new reinsurance treaty for mortgage insurance in Europe which it says will create significant additional capacity for Genworth’s European mortgage insurance business.
The reinsurance panel for the treaty consists of seven A and AA rated reinsurers from London, Europe, Bermuda and USA.
Reinsurance intermediary, Guy Carpenter brokered the transaction.
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