Secures 27% of forward quota share reinsurance coverage from a panel of third-party reinsurance providers RALEIGH, N.C., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has entered into two quota share reinsurance agreements with a broad panel of highly-rated reinsurers. Under the agreements, and subject to certain conditions, Enact will cede approximately 27% of a portion of expected new insurance written for the period from January 1, 2025 through December 31, 2025 and will cede approximately 27% of a portion of expected new insurance written for the period from January 1, 2026 through December 31, 2026. "We are pleased to have entered into these two new quota share reinsurance agreements, which represent a continuation of our commitment to prudent risk management and capital optimization while also supporting our ability to serve our customers,” said Rohit Gupta, President and CEO of Enact. "We appreciate the support and partnership from our broad panel of highly-rated reinsurers as we continue our mission to help people responsibly achieve the dream of homeownership.” Safe Harbor Statement This communication contains "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results, guidance concerning the future return of capital and the quotations of management. These forward-looking statements are distinguished by use of words such as "will,” "may,” "would,” "anticipate,” "expect,” "believe,” "designed,” "plan,” "predict,” "project,” "target,” "could,” "should,” or "intend,” the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including risks related to an economic downturn or a recession in the United States and in other countries around the world; changes in political, business, regulatory, and economic conditions; changes in or to Fannie Mae and Freddie Mac (the "GSEs”), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers; lenders or investors seeking alternatives to private mortgage insurance; an increase in the number of loans insured through Federal government mortgage insurance programs, including those offered by the Federal Housing Administration; and other factors described in the risk factors contained in our 2023 Annual Report on Form 10-K and other filings with the SEC, may cause our actual results to differ from those expressed in forward-looking statements. Although Enact believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, Enact can give no assurance that its expectations will be achieved and it undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law. About Enact Holdings, Inc. Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina. This press release was published by a CLEAR® Verified individual. CONTACT: Investor Contact Daniel Kohl [email protected] Media Contact Sarah Wentz [email protected]
When Horace Roberts Jr. was freed after 20 years in prison following his conviction for the murder of a Jurupa Valley woman he did not commit, he emerged into a changed world. Among the innovations occurring while Roberts was behind bars from 1998 to 2018 was the improvement of DNA technology that allows investigators to identify criminal suspects more precisely and from smaller sample sizes. That technology sprung Roberts from his “lion’s den” and pointed authorities to three men who were convicted of killing Terry Cheek, Roberts’ former mistress, and who are scheduled to be imprisoned in January. Roberts testified against the men who not only let Roberts take the fall for the crime but also framed him. “I was relieved,” Roberts, 66, said in a recent interview about his post-prison life from his home in South Carolina. “I was just glad that they were found guilty of what they did.” While Roberts now says “I feel good about where I am” and an $11 million payout in 2021 from Riverside County to settle his wrongful-incarceration lawsuit has eased the transition, the return to a society that had moved on without him was initially difficult. Roberts would wake up at night and wonder whether he was still sleeping in a cell. “When I was in prison you had to think one way, and that was always survival. I had to put on this brave face and just stand my ground. When I got out, it’s different. It’s kind of hard to let my guard down and show that fear,” he said. “Getting around by myself, I was scared,” Roberts said. “Scared to move around; I didn’t know how to react to that. I had not been just locked up but locked in. I had to learn how to go about and do things, shop, and not only that but interact with people on the outside.” Michael Semanchik, who as an attorney for the California Innocence Project took up Roberts’ case and who now leads The Innocence Center, has seen others struggle to adapt after long prison stays. “It’s pretty common when people come home that they don’t like to be in big crowds, they keep their backs to the walls,” Semanchik said. “It’s an ingrained prison mentality that takes years to get past. Choices are so severely limited in prison. Horace could go to the commissary but there are like two types of toothpaste, and clients go into CVS and see 50 types of toothpaste, and that is overwhelming.” But Roberts was quickly able to surround himself with family members who he said “100%” believed he was innocent. Because his wife, Debra, moved east across the country with the 7-year-old twins and a 17-year-old stepdaughter to be closer to family, Roberts never saw his children during his incarceration in several California prisons. So it was an emotional moment when Roberts reunited with his children — now all grown up — at an airport. And yes, Debra waited for him. “It was pure joy. Tears of joy,” Roberts said. “It was like we had never left each other because we were able to communicate with them. I just wanted to be able to see them. I wouldn’t have traded that moment for the world.” Roberts acknowledged that he had some catching up to do in other areas. There was the creation in 2007 of a device that flummoxed Roberts, a computer that fits in your pocket with all sorts of gizmos embedded in it that can even make and receive phone calls. The iWhat? “A lot about these cell phones have changed,” Roberts said. I don’t know how to do anything other than (call and) answer, and I do a little texting. That technology, I’m 20 years behind it.” History also changed as Roberts watched from his cell block. Barack Obama, the first Black president, served two terms. “It was a proud moment for me, but also the Black race,” Roberts said. “Who would have thought we would have lived to see a Black president?” Donald Trump, who starred in the reality show “The Apprentice” while Roberts was imprisoned, had a new job — president of the United States — at the time Roberts was freed. Roberts lamented that he returned to a less-respectful and more angry society. Twice when he worked as a garbageman following his release, Roberts said, teens pulled guns on him over minor disputes. “Old fool, get out of the way,” one said, according to Roberts. “Things are too fast out there for these young people,” Roberts said. “They are too quick to react and not think. ... I never knew teenagers were like they are now. They would rather pick up a gun than put up two fists. It’s hard for me to relate to that.” As for that new DNA technology, Roberts is grateful that his attorney seized upon it to help him win his freedom. “Without Mike Semanchik and his (California) Innocence Project, I’d probably most likely still be in jail,” Roberts said. Related Articles Crime and Public Safety | Before doctor was killed, Texas man lay in wait for him at California clinic, prosecutors say Crime and Public Safety | Carjacker who ran over California man trying to rescue his van gets 25 years to life Crime and Public Safety | California couple shot and killed while on holiday in Mexico Crime and Public Safety | Monterey County man found guilty for attacking two brothers with an ax, killing one Crime and Public Safety | Homicide victim allegedly looking to rape prostitutes instead encountered an East Bay robbery crew trying to set up johns In April 1998, Cheek, 32, vanished on what was supposed to be a drive from her home in what is now Jurupa Valley to Roberts’ Temecula apartment to pick him up and drive to Quest Diagnostics in San Juan Capistrano, where Roberts supervised her on the night shift. That day, Cheek, according to testimony, was driving Roberts’ pickup, which she sometimes borrowed. But she never arrived at Roberts’ apartment. The pickup was found abandoned on the shoulder of the 15 Freeway about two miles from Lee Lake near Corona, where Cheek’s body was discovered on rocks several days later. Investigators zeroed in on Roberts, even though court records showed Cheek was going through a messy divorce with Googie Rene Harris Sr. Roberts didn’t help himself, trying to cover up his affair with Cheek when questioned by investigators and lying about his whereabouts the night she disappeared. Relatives of Cheek claimed to have found a distinctive black purse belonging to Cheek in Roberts’ apartment when they gathered her belongings. And Roberts mistakenly claimed ownership of a watch found near Cheek’s body. Roberts was convicted after a third trial and sentenced to life in prison. Harris Sr. testified in at least two of the trials and again at Roberts’ parole hearings. In 2013, Semanchik submitted DNA evidence that revealed a match with Googie Rene Harris Jr., who was Cheek’s stepson. DNA found under Cheek’s fingernails belonged to Joaquin Latee Leal III — Harris Sr.’s nephew — according to testimony. Prosecutors said Harris Sr. and Leal strangled Cheek in her garage as she left for work because Harris Sr. was concerned that his wife would take the home from him in the divorce. They loaded the body into the pickup and Harris Jr. and Leal took Cheek to the lake. The Harrises and Leal were charged with murder — and Harris Sr. with a sentencing enhancement of murder for financial gain — and Roberts was declared factually innocent . Harris Sr. and Leal were convicted of murder in August; a jury recommended that Harris Sr. — who still maintains his innocence — receive the death penalty and Leal be sentenced to life in prison without the possibility of parole. A judge is scheduled to rule on their sentences on Jan. 10. Harris Jr., who testified against Leal and his father, pleaded guilty to accessory to a felony and is scheduled to report to jail in January to serve a one-year sentence. Roberts stayed the night in a cottage in San Diego the day he was freed. “The first thing that following day, I got up, walked outside and I looked up and I was so thankful and grateful for that moment, just to be able to get out and do what I wanted to do and not have someone directing me on what they want me to do. It was so peaceful, and I enjoyed that peace,” Roberts said. Roberts said he likes keeping things simple these days. He lives in Ladson, about 20 miles from Charleston, with Debra and their grandchildren, ages 3, 4 and 9. Roberts used the lawsuit settlement from Riverside County to purchase a home and a couple of cars. He said he has no interest in traveling the world, even though he can afford it. One of his big goals was to learn taekwondo; He said he will receive a black belt in the martial art in March. “It was easy to come home and it seemed like I fit right in,” Roberts said. “Home is where my heart is, anyway. Being home keeps me rooted and grounded. I don’t have to go outside of that and do too much or want anything. It’s all right here. “I am in the right place, I believe,” Roberts said.
Key Healthcare CIO Trends To Watch In 2025Stock market today: Wall Street gains ground as it heads for a winning weekEAGLE-EYED fans spotted Ruben Amorim's ice cold reaction to Marcus Rashford's goal against Ipswich Town. The Manchester United forward netted 81 seconds into Amorim's reign as manager . 2 Ruben Amorim had a muted reaction to Manchester United's first goal 2 Marcus Rashford scored after just 81 seconds Credit: Rex Rashford , 27, tapped home after he was found by Amad Diallo 's cross to give the Red Devils a dream start under their new manager. While the players were overjoyed in celebrations of the goal, Amorim had a different reaction. The manager was caught on camera having a very muted reaction to taking the early lead. And fans have hailed the former Sporting boss' ice-cold demeanour on social media. READ MORE ON MAN UTD VAR YOU KIDDING? Man Utd forced to play without VAR in Ipswich clash after fire alarm One posted: "No celebration from Amorim, so cold." A second commented: "Amorim’s reaction to the goal omg he’s so cold." A third wrote: "Ice cold Amorim." A fourth said: "No reaction from Amorim. My manager is cold as ice." Most read in Football COOPER TROOPER Steve Cooper SACKED by Leicester as club release 104-word statement BIG BLUNDER Hearts launch investigation after image of notorious UDA member beamed to fans PYRO PARTY Hearts fans carry 'rocket launchers' before Celtic clash amid pyro march DEVENS ABOVE Premier League starlet bags first goal - and Scotland missed out on him CASINO SPECIAL - BEST CASINO WELCOME OFFERS A fifth declared: "Amorim doesn’t celebrate goals - man is too cold!" Another added: "Amorim is so cold, man didn’t even celebrate." Man Utd hardman Roy Keane and Sky Sports presenter blind rank BISCUITS before Ruben Amorim's first match_1 Despite the early positivity from Man United the match was not a total dream start. Ipswich town grew into the game and looked the better side after the first 45 minutes. Liam Delap was denied an equaliser by a brilliant save from Andre Onana in the 40th minute. Omari Hutchinson then fired the Tractor Boys level with a curling effort into the top corner after a deflection. The officials were also disrupted during the game as VAR went down due to a fire alarm at Stockley Park . Three Sporting stars Amorim could swoop for after joining Man Utd RUBEN AMORIM has ruled out poaching any of his Sporting Lisbon players in the January transfer window. But the Portuguese side's chiefs expect Amorim will come calling in the summer - with his cheque book wide open. Here's are three Sporting starts United could swoop for... but they won't come cheap: VIKTOR GYOKERES Age: 26 Position: Striker Cost: £84million Swede has shone since joining Sporting last summer from Coventry — catching the eye of all Europe’s top clubs. Hit 43 goals in 50 games last season and boasts 18 strikes already this term. GONCALO INACIO Age: 23 Position: Defender Cost: £50million Ball-playing centre-back was handed his debut by Amorim and has since become a key figure in Sporting’s recent title successes. Can also slot in at left-back if required and has 12 caps for Portugal. MORTEN HJULMAND Age: 25 Position: Midfield Cost: £40million Dane is one of the top holding midfielders in Portugal — and made skipper by Amorim. He could be the man to replace Casemiro.
Samsung To Launch 'Extended Reality' Headset Next YearJoly touts ‘private’ diplomacy as Mexico criticizes Canada’s culture, tradeA number of prominent pundits, including former City defender and club ambassador Micah Richards, have questioned why the Belgium international has not been starting games amid the champions’ dramatic slump. City have not won in seven outings in all competitions – their worst run since 2008 – with De Bruyne featuring only as a substitute in the last five of those matches after recovering from a pelvic injury. The latest came with a 12-minute run-out in Sunday’s demoralising 2-0 defeat at Premier League leaders Liverpool, a result which left City 11 points off the pace and fifth in the table. Richards said on The Rest is Football podcast it appeared “there’s some sort of rift going on” between De Bruyne and Guardiola while former England striker Gary Lineker added: “It seems like all’s not well.” Former Liverpool defender Jamie Carragher said he felt “something isn’t right” and fellow Sky Sports analyst Gary Neville, the ex-Manchester United right-back, described the situation as “unusual, bizarre, strange”. Guardiola, speaking at a press conference to preview his side’s clash with Nottingham Forest, responded on Tuesday. The Spaniard said: “People say I’ve got a problem with Kevin. Do you think I like to not play with Kevin? No, I don’t want Kevin to play? “The guy who has the most talent in the final third, I don’t want it? I have a personal problem with him after nine years together? “He’s delivered to me the biggest success to this club, but he’s been five months injured (last season) and two months injured (this year). “He’s 33 years old. He needs time to find his best, like last season, step by step. He’ll try to do it and feel better. I’m desperate to have his best.” De Bruyne has not started since being forced off at half-time of City’s Champions League clash with Inter Milan on September 18, having picked up an injury in the previous game. Both the player and manager have spoken since of the pain he was in and the need to ease back into action, but his spell on the bench has been unexpectedly long. The resulting speculation has then been exacerbated because De Bruyne is in the final year of his contract but Guardiola maintains nothing untoward has occurred. He said: “I’d love to have the Kevin in his prime, 26 or 27. He would love it to – but he is not 26 or 27 any more. “He had injuries in the past, important and long ones. He is a guy who needs to be physically fit for his space and energy. You think I’m complaining? It’s normal, it’s nature. “He’s played in 10 or 11 seasons a lot of games and I know he is desperate to help us. He gives glimpses of brilliance that only he can have. “But, always I said, he himself will not solve our problems, like Erling (Haaland) won’t solve it himself. We attack and defend together. “We want the best players back. Hopefully step by step the confidence will come back and we’ll get the best of all of us.”
A Deep Dive Into The Cirrus Vision Jet PriceSam Darnold leads game-winning drive in OT and Vikings beat Bears 30-27 after blowing late lead
Harry and Meghan’s polo docuseries to highlight ‘grit behind the glamour’NEW YORK (AP) — President-elect Donald Trump’s lawyers formally asked a judge Monday to throw out his hush money criminal conviction , arguing that continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that anything short of immediate dismissal would undermine the transition of power, as well as the “overwhelming national mandate” granted to Trump by voters last month. They also cited President Joe Biden’s recent pardon of his son, Hunter Biden, who had been convicted of tax and gun charges . “President Biden asserted that his son was ‘selectively, and unfairly, prosecuted,’ and ‘treated differently,’” Trump’s legal team wrote. Manhattan District Attorney Alvin Bragg, they claimed, had engaged in the type of political theater “that President Biden condemned.” Related Articles Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated a willingness to delay the sentencing until after Trump’s second term ends in 2029. In their filing Monday, Trump’s attorneys dismissed the idea of holding off sentencing until Trump is out of office as a “ridiculous suggestion.” Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse his conviction on 34 counts of falsifying business records to conceal a $130,000 payment to porn actor Stormy Daniels to suppress her claim that they had sex a decade earlier. He says they did not and denies any wrongdoing. The defense filing was signed by Trump lawyers Todd Blanche and Emil Bove, who represented Trump during the trial and have since been selected by the president-elect to fill senior roles at the Justice Department. Taking a swipe at Bragg and New York City, as Trump often did throughout the trial, the filing argues that dismissal would also benefit the public by giving him and “the numerous prosecutors assigned to this case a renewed opportunity to put an end to deteriorating conditions in the City and to protect its residents from violent crime.” Clearing Trump, the lawyers added, would also allow him to “to devote all of his energy to protecting the Nation.” Merchan hasn’t yet set a timetable for a decision. He could decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option. An outright dismissal of the New York case would further lift a legal cloud that at one point carried the prospect of derailing Trump’s political future. Last week, special counsel Jack Smith told courts that he was withdrawing both federal cases against Trump — one charging him with hoarding classified documents at his Florida estate, the other with scheming to overturn the 2020 presidential election he lost — citing longstanding Justice Department policy that shields a president from indictment while in office. The hush money case was the only one of Trump’s four criminal indictments to go to trial, resulting in a historic verdict that made him the first former president to be convicted of a crime. Prosecutors had cast the payout as part of a Trump-driven effort to keep voters from hearing salacious stories about him. Trump’s then-lawyer Michael Cohen paid Daniels. Trump later reimbursed him, and Trump’s company logged the reimbursements as legal expenses — concealing what they really were, prosecutors alleged. Trump has said the payments to Cohen were properly categorized as legal expenses for legal work. A month after the verdict, the Supreme Court ruled that ex-presidents can’t be prosecuted for official acts — things they did in the course of running the country — and that prosecutors can’t cite those actions to bolster a case centered on purely personal, unofficial conduct. Trump’s lawyers cited the ruling to argue that the hush money jury got some improper evidence, such as Trump’s presidential financial disclosure form, testimony from some White House aides and social media posts made during his first term. Prosecutors disagreed and said the evidence in question was only “a sliver” of their case. If the verdict stands and the case proceeds to sentencing, Trump’s punishments would range from a fine to probation to up to four years in prison — but it’s unlikely he’d spend any time behind bars for a first-time conviction involving charges in the lowest tier of felonies. Because it is a state case, Trump would not be able to pardon himself once he returns to office.Pep Guardiola denies rumours of a rift with Kevin De Bruyne
LEGISLATORS get their creative juices flowing best when engaged in carving up the annual budget of the national government. Unfortunately, the result of their creativity doesn't always redound to the benefit of the vast majority of the people. In the Congress-ratified 2025 budget of P6.35 trillion, which President Ferdinand Marcos Jr. will sign into law before Christmas, the big gainers are offices that lawmakers could dip their hands into for their preferred projects and activities. On the other hand, among the big losers are agencies directly involved in the delivery of basic services such as education and health. Register to read this story and more for free . Signing up for an account helps us improve your browsing experience. OR See our subscription options.
Niger junta suspends BBC accusing it of ‘spreading false news’ in coverage of attackReader feedbackA number of prominent pundits, including former City defender and club ambassador Micah Richards, have questioned why the Belgium international has not been starting games amid the champions’ dramatic slump. City have not won in seven outings in all competitions – their worst run since 2008 – with De Bruyne featuring only as a substitute in the last five of those matches after recovering from a pelvic injury. The latest came with a 12-minute run-out in Sunday’s demoralising 2-0 defeat at Premier League leaders Liverpool, a result which left City 11 points off the pace and fifth in the table. Richards said on The Rest is Football podcast it appeared “there’s some sort of rift going on” between De Bruyne and Guardiola while former England striker Gary Lineker added: “It seems like all’s not well.” Former Liverpool defender Jamie Carragher said he felt “something isn’t right” and fellow Sky Sports analyst Gary Neville, the ex-Manchester United right-back, described the situation as “unusual, bizarre, strange”. Guardiola, speaking at a press conference to preview his side’s clash with Nottingham Forest, responded on Tuesday. The Spaniard said: “People say I’ve got a problem with Kevin. Do you think I like to not play with Kevin? No, I don’t want Kevin to play? “The guy who has the most talent in the final third, I don’t want it? I have a personal problem with him after nine years together? “He’s delivered to me the biggest success to this club, but he’s been five months injured (last season) and two months injured (this year). “He’s 33 years old. He needs time to find his best, like last season, step by step. He’ll try to do it and feel better. I’m desperate to have his best.” De Bruyne has not started since being forced off at half-time of City’s Champions League clash with Inter Milan on September 18, having picked up an injury in the previous game. Both the player and manager have spoken since of the pain he was in and the need to ease back into action, but his spell on the bench has been unexpectedly long. The resulting speculation has then been exacerbated because De Bruyne is in the final year of his contract but Guardiola maintains nothing untoward has occurred. He said: “I’d love to have the Kevin in his prime, 26 or 27. He would love it to – but he is not 26 or 27 any more. “He had injuries in the past, important and long ones. He is a guy who needs to be physically fit for his space and energy. You think I’m complaining? It’s normal, it’s nature. “He’s played in 10 or 11 seasons a lot of games and I know he is desperate to help us. He gives glimpses of brilliance that only he can have. “But, always I said, he himself will not solve our problems, like Erling (Haaland) won’t solve it himself. We attack and defend together. “We want the best players back. Hopefully step by step the confidence will come back and we’ll get the best of all of us.”