Essent Guaranty, a new mortgage insurance company, has agreed to buy the operating platform and technology systems of Triad Guaranty, the nation's smallest mortgage insurer, which is in the process of self-liquidating.

Essent, of Radnor, Pa., will pay $30 million in cash and assume what it calls "certain software contractual obligations" for which the publicly traded Triad is on the hook.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access