Essent Executive Vice President, Adolfo Marzol, to Retire March 31, 2015
Essent Group Ltd. (NYSE:ESNT) today announced that the company’s executive vice president, Adolfo Marzol, plans to retire, effective March 31, 2015. Marzol joined Essent in 2009.
“All of us at Essent are very appreciative of Adolfo’s efforts and for all he has done for the company,” said Mark Casale, chairman and chief executive officer. “Adolfo played an important and impactful role in the start of our company, especially in Washington D.C., working with the GSEs, FHFA and policymakers. Adolfo has been a great partner and personal friend. Essent has benefited from his nearly thirty years of industry experience and broad perspective on U.S. housing finance. We wish him well in his retirement.”
“I’ve been privileged to be part of a very special company that has evolved from an investment thesis back in 2008, to going public in 2013, and to where it is today given our recent success,” Marzol said. “Helping Mark and our original investors build Essent into an industry leader has been extremely gratifying, both professionally and personally.”
Prior to joining Essent, Marzol previously held leadership positions at Fannie Mae, including executive vice president and chief credit officer from 1998 to 2004. Prior to Fannie Mae, Mr. Marzol worked at Chase Manhattan Mortgage, where he held a series of senior positions, including executive vice president and chief financial officer. Marzol began his mortgage finance career with Equitable Mortgage Resources Inc.
About the Company
Essent Group Ltd. (NYSE:ESNT) is a Bermuda-based holding company which, through its wholly-owned subsidiary Essent Guaranty, Inc., offers private mortgage insurance for single-family mortgage loans in the United States. Essent provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Headquartered in Radnor, Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage insurance in all 50 states and the District of Columbia, and is approved by Fannie Mae and Freddie Mac. Additional information regarding Essent may be found at www.essentgroup.com.
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