General Insurance Article - JLT Re in US mortgage risk sharing advisory transaction

 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.”