JLT Re Global Mortgage Solutions Brings Together U.S. Reinsurer And Essent Reinsurance Ltd. In Mortgage Risk Sharing Advisory Transaction

22 March 2017

  • JLT Re Global Mortgage Solutions' Client completes Government Sponsored Enterprise (GSE) advisory transaction with Essent Group’s Essent Reinsurance Ltd.

JLT Re Global Mortgage Solutions (JLT Re) has successfully arranged to deliver Government Sponsored Enterprise (GSE) risk sharing expertise to a highly rated U.S. reinsurer working together with Essent Group’s Essent Reinsurance Ltd. (Essent). Following the housing markets’ recovery, there has been an increased demand for mortgage reinsurance from the GSE’s mandate to involve private capital as a means to reduce taxpayer exposure in the mortgage industry.

Led by Steven Rance, JLT Re Global Mortgage Solutions provides reinsurance structures to GSE’s, domestic mortgage insurers, mortgage lenders, and house builders to help manage their mortgage risk and enhance their core propositions.

Commenting on the relationship, Joe Hissong, President of Essent Reinsurance Ltd. said:  “We are extremely excited to add a new firm introduced to us by JLT Re as an advisory client of Essent Agency Ltd., the managing general agency subsidiary of Essent Reinsurance Ltd. that focuses on providing mortgage analytical services to traditional property casualty insurers and reinsurers.  We are delighted to assist them in assessing the expanding market of GSE risk sharing transactions in an informed and responsible manner.”

Driving this initiative for JLT Re is Steven Rance, who has over two decades of experience in the mortgage industry in the U.S., Europe, and Asia. Mr. Rance commented:  “We are very pleased to bring market-leading expertise to underwrite transactions in the U.S. mortgage space. It’s great to be working with this highly respected Client and Essent in supporting continued privatization of the U.S. mortgage market with our experience and expertise. Having been involved in this arena for over twenty years, and having worked with clients through the extremely challenging market cycles, we have gained a great depth of knowledge that will enable us to introduce both new ideas and new capacity in this continually changing environment.”




Isabella Gaster | T: (+44) 7920 586 032 | E: Isabella.Gaster@JLTRe.com

Elizabeth Miller | T: +1 215 309 4590 | Elizabeth.Miller@jltre.com


About Essent Group

Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, “Essent”) which, through its wholly-owned subsidiary Essent Guaranty, Inc., offers private mortgage insurance for single-family mortgage loans in the United States. Essent provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Headquartered in Radnor, Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage insurance in all 50 states and the District of Columbia, and is approved by Fannie Mae and Freddie Mac.  Essent also offers mortgage-related insurance, reinsurance and advisory services through its Bermuda-based subsidiary, Essent Reinsurance Ltd.  Additional information regarding Essent may be found at www.essentgroup.com and www.essent.us

About JLT Re

JLT Re’s trusted team of 700 colleagues worldwide combines market leading expertise and proprietary analytical tools with the freedom to challenge conventions.

Deep specialist knowledge and extensive experience of both the reinsurance market and clients’ own industries and sectors enables JLT Re to ask smarter questions, innovate, and deliver better results tailored to meet client needs. JLT Re is part of the Jardine Lloyd Thompson Group plc.


About Jardine Lloyd Thompson

Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance, and employee benefits related advice, brokerage, and associated services. JLT’s client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.

JLT is quoted on the London Stock Exchange and owns offices in 41 countries with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.

For further information about JLT, please visit our website www.jlt.com