HAMILTON, Bermuda--(BUSINESS WIRE)--
Essent Group Ltd. (NYSE: ESNT) announced today that Joseph G. Hissong
has joined the Company and will serve as President of Essent’s Bermuda
reinsurance company, Essent Reinsurance Ltd. (“Essent Re”). The company
also announced that Paul C. Wollmann was named Chief Underwriting
Officer. Mr. Wollmann has been with Essent Re since 2009.
“We are delighted to have someone with Joe’s background and experience
joining Paul and the other members of our Essent Re team. Paul has done
a terrific job in getting Essent Re up and running and I look forward to
the both of them leading Essent Re into the future,” said Mark Casale,
Chairman and Chief Executive Officer. “Additionally, as the sponsor of
PartnerRe’s original investment in Essent, Joe understands Essent’s
business, our thoughtful approach to investing in mortgage risk and the
opportunity that Essent Re offers our company.”
Mr. Hissong has over 25 years of experience, specializing in strategy
development and executing upon new business initiatives associated with
international reinsurance transactions and strategic investment
opportunities. His most recent position was Executive Director with the
Cartesian Re Group. Prior to joining Cartesian Re, he was the Executive
Director and Head of Private Equity/Strategic Investments for PartnerRe,
where he sponsored PartnerRe’s original investment in Essent. Mr.
Hissong earned his law degree from the University of Chicago Law School
and his Bachelor of Science degree in mathematics and philosophy from
Fordham University.
Mr. Wollmann has over 25 years of experience in both insurance and
reinsurance, and has extensive experience in structured finance. Prior
to Essent, Mr. Wollmann was a Managing Director of Structured &
Asset-Backed Finance for RAM Holdings Ltd. Previous roles include
Managing Director at RCS Limited and Ritchie Capital Management Limited,
both alternative asset management firms, and Senior Vice President for
ACE Capital Re International Ltd. Mr. Wollmann earned his MBA from The
School of Risk Management, Insurance and Actuarial Science at St. John's
University and earned his Bachelors of Arts degree from Rollins College.
About the Company
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company which,
through its wholly-owned subsidiary Essent Guaranty, Inc.,
(collectively, “Essent”) 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 and rated BBB+ by Standard &
Poor’s and Baa2 by Moody’s, 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 and reinsurance through its Bermuda-based
subsidiary, Essent Reinsurance Ltd. Additional information regarding
Essent may be found at www.essentgroup.com.
Source: Essent Group Ltd.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150604005066/en/
Source: Essent Group Ltd.