07/10/2023
Protecdiv is proud to announce it has sub-brokered a Credit Insurance Risk Transfer™ (CIRT™) transaction of $789 million of mortgage credit risk to private insurers and reinsurers for Fannie Mae alongside Aon. This is the first transaction since the Protecdiv began its new partnership with Fannie Mae
Paul Little, Chief Operating Officer at Protecdiv said, "At Protecdiv we are proud to have been a part of this key transaction with Fannie Mae and Aon. This is the first deal completed as part of our growing relationship with Fannie Mae. We look forward to continuing to develop and execute risk transfer solutions for businesses in both the public and private sectors who are committed to meeting diverse business and supplier goals.”
To read the full press release, click here https://lnkd.in/gPQ5JGbX
Fannie Mae announced that it has executed its sixth and seventh Credit Insurance Risk Transfer™ (CIRT™) transactions of 2023.