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USMI Names Enact MI President And CEO Rohit Gupta As Chair Of The Board

U.S. Mortgage Insurers (USMI), the association representing the nation’s leading private mortgage insurance (MI) companies, announced that Rohit Gupta will serve as the association’s new Chairman of the Board. Mr. Gupta is President, CEO, and Director of Enact Holdings, Inc. (Nasdaq: ACT) and previously served as USMI’s Chairman of the Board from 2014-2016. He succeeds Adolfo Marzol of Essent Group, Ltd. (NYSE: ESNT).

“The role the private MI industry plays in providing first-time and low- to moderate-income borrowers with access to affordable and sustainable mortgage credit cannot be overstated, particularly in the current high interest rate market. Our industry remains focused on advancing accessible and affordable homeownership for underserved communities, while ensuring the safety and soundness of the housing finance system,” said Rohit Gupta, incoming Chairman of the USMI Board. “I look forward to once again serving as Chair and working with USMI’s Board, staff, and external stakeholders.”

Previous to his current role, Mr. Gupta held the positions of Chief Commercial Officer, Senior Vice President of Products, Intelligence and Strategy, as well as Vice President of Commercial Operations at Genworth Mortgage Insurance Corporation.

“Rohit’s deep mortgage insurance expertise, public policy experience and passion for the valuable role our industry plays will facilitate continued success in the important work of USMI,” said outgoing USMI Chairman Adolfo Marzol. “I am honored to pass the torch to Rohit.”

USMI President Seth Appleton added, “Rohit’s dedication to affordable and sustainable homeownership backed by private capital is invaluable to USMI’s efforts moving forward. Rohit’s previous experience as Chairman of the Board makes this a seamless transition and positions the organization for continued success.”