Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of Earliest Event Reported): March 1, 2019
ESSENT GROUP LTD.
(Exact name of registrant as specified in its charter)
|
| | | | |
| | | | |
Bermuda | | 001-36157 | | Not Applicable |
(State of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | | | |
Clarendon House 2 Church Street Hamilton HM11, Bermuda |
(Address of Principal Executive Offices and Zip Code) |
|
(441) 297‑9901 |
(Registrant’s telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
| |
¨
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. Other Events
On March 1, 2019, Essent Group Ltd. (the "Company") issued a press release announcing that its wholly owned subsidiary, Essent Guaranty, Inc. ("Essent"), has entered into a $473.2 million fully collateralized excess of loss reinsurance transaction with Radnor Re 2019-1 Ltd., a newly formed Bermuda special purpose insurer ("Radnor Re"), covering mortgage insurance policies written by Essent in 2018. Radnor Re funded its reinsurance obligations through the issuance of $473.2 million of mortgage insurance-linked notes. A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
|
| | | | |
Exhibit No. | | Description | |
| | Press Release issued by Essent Group Ltd. dated March 1, 2019 |
| | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 1, 2019
ESSENT GROUP LTD.
| |
By: | /s/ Lawrence E. McAlee |
Name: Lawrence E. McAlee
Title: Senior Vice President and Chief Financial Officer