Essent Guaranty Buying Triad Guaranty Assets

Triad Guaranty Inc. (Nasdaq: TGIC) has agreed to sell its IT and operating platform to Essent Guaranty Inc., a mortgage insurer formed earlier this year via a $500 million investment from Pine Brook Road Partners, Goldman Sachs, J.P. Morgan, PartnerRe and Renaissance Re. The deal is valued at up to $30 million, including a $15 million up-front payment and $15 million in earnouts.

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