In keeping with its strategy to grow through acquisition, as well as organically, Dallas-based zIngenuity, a boutique consulting firm offering mortgage fulfillment, quality control and repurchase defense for mortgage lenders and servicers, has acquired Vermont-based Irwin Reinsurance Corp., a domiciled captive reinsurance company.
Details of the transaction were not disclosed.
As per the deal, Irwin Reinsurance Corp. will be renamed zInsureRe Inc. It will be an indirect wholly owned subsidiary of zIngenuity based in the Cayman Islands.
In January, zIngenuity announced that it had acquired an unnamed mortgage guaranty captive reinsurance company domiciled in the Turks and Caicos Islands. That acquisition was renamed zInsureRe TCI Ltd.