Insider View: Lower returns won't stymie growth

Mortgage risk assumed under Freddie and Fannie's ACIS and
CIRT programmes has been one of the fastest top line growth areas
for reinsurers otherwise stunted by soft market pressures.
The bottom line, with returns in the region of 20 percent, has
naturally also proved a draw for a raft of insurers.
According to sources, there are now as many as 34 insurers and
reinsurers writing mortgage reinsurance deals for the GSEs and the
private mortgage insurance market.
That's an astounding...