Enact Re receives affirmed A- rating from AM Best

AM Best has affirmed an A- [Excellent] Financial Strength Rating and a stable outlook for Bermuda-based reinsurer Enact Re Ltd. (ERL). ERL is a direct subsidiary of Enact Mortgage Insurance Corporation and provides quota share reinsurance to that entity.

The ratings reflect ERL’s very strong balance sheet strength, adequate operating performance, and appropriate enterprise risk management. While the company’s business profile is considered limited due to its concentration in U.S. single-family mortgage reinsurance risk, its net income has grown annually since it began assuming risk in 2023.