Enact Holdings, Inc. Mourns the Death of Board Member General Raymond T. Odierno
October 12, 2021 at 05:25 pm IST
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Enact Holdings, Inc. announced that it mourns the passing of its Board Member, General Raymond T. Odierno, who passed away on October 8, 2021. General Odierno served nearly 40 years in the U.S. Army and on several other boards including Honeywell International, Oshkosh Corporation Inc., and Sunrise Sports and Entertainment. Over the course of his highly decorated career, General Odierno commanded military units worldwide at every echelon, from platoon to theater, including deployments in Europe and the Middle East. Enact intends to maintain an 11-person board with 8 independent directors. The Board of Directors expects to make further announcements regarding the plan for succession at a future date.
Enact Holdings, Inc. is a private mortgage insurance company. The Company operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation. It is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust or other instruments constituting a first lien on residential real estate. It facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions.
ENACT HOLDINGS, INC. 
