DALLAS, Oct. 11, 2017 /PRNewswire/ — ValueInsured, the only provider of down payment security, today declared the closing of $6.5M of funding led by an affiliate of Everest Re Team Ltd. and also Houston Global Coverage Team (HIIG). The newest spherical of funding from Everest Re and HIIG builds on their present partnerships with ValueInsured, which started in 2014 with an preliminary $6M seed spherical. This extra financial commitment offers ValueInsured with the growth funds to proceed its intense distribution partnership approach, increasing channel existence and enhancing the capabilities of the +As well as SM down payment security application.
“We are thrilled to be setting up on our longstanding partnerships with Everest, a world wide reinsurer and HIIG, a popular domestic assets and casualty underwriter,” reported Joe Melendez, CEO of ValueInsured. “This extra guidance will enable us to supply down payment security to additional house loan originators and, most importantly, additional homebuyers, providing them peace of intellect amid unpredictable, destructive adjustments in the housing market place.”
“Having witnessed substantial growth, we are excited to acquire our marriage with ValueInsured to the next amount and present extra funds to even more develop their supply of +As well as down payment security nationwide,” reported John Doucette, President and CEO of the Reinsurance Division of Everest Re Team, Ltd.
“ValueInsured has sent a genuinely impressive products and we’re proud to be partnering with them to aid make this next generation house loan products additional available to homebuyers nationwide,” reported Stephen L. Way, CEO of HIIG.
This new settlement marks a significant development, which arrives as ValueInsured continues to entice additional creditors to offer +As well as down payment security which is at this time obtainable nationwide in conjunction with a community of choose retail mortgage officers, correspondent creditors and wholesalers.
Dependent in Dallas, PVI Company, LLC dba ValueInsured℠, is the only provider of down payment security for modern-day homebuyers, supplying them greater command and flexibility to market their residence even in a down market place. ValueInsured’s +Plus℠ down payment security is obtainable nationwide and is backed by one particular of the world’s largest re-insurance policies companies, with more than $8 billion in funds. http://www.valueinsured.com
About Everest Re Team, Ltd.
Everest Re Team, Ltd. is a Bermuda keeping enterprise that operates by means of the pursuing subsidiaries: Everest Reinsurance Organization offers reinsurance to assets and casualty insurers in both equally the U.S. and worldwide marketplaces. Everest Reinsurance (Bermuda), Ltd., which includes by means of its branch in the United Kingdom, offers reinsurance and insurance policies to globally assets and casualty marketplaces and reinsurance to lifetime insurers. Everest Reinsurance Organization (Eire), dac, offers reinsurance to non-lifetime insurers in Europe. Everest Coverage® refers to the key insurance policies operations of Everest Re Team, Ltd., and its affiliated companies which offer assets, casualty and specialty traces insurance policies on both equally an admitted and non-admitted basis in the U.S. and internationally. The Organization also operates within just the Lloyd’s insurance policies market place by means of Syndicate 2786. In addition, by means of Mt. Logan Re, Ltd., the Organization manages segregated accounts, capitalized by the Organization and 3rd social gathering buyers that present reinsurance for assets disaster challenges. The Everest Re Team functioning companies are rated A+ (Outstanding) by A.M. Very best Organization. Additional data on Everest Re Team companies can be identified at the Group’s web site at www.everestregroup.com.
About Houston Global Coverage Team
Houston Global Coverage Team (HIIG) is an insurance policies keeping enterprise primarily based in Houston, Texas with assets of additional than $1 billion and shareholders’ fairness of additional than $325 million. HIIG’s insurance policies enterprise subsidiaries consist of Houston Specialty Coverage Organization, Imperium Coverage Organization, Good Midwest Coverage Organization, and Oklahoma Specialty Coverage Organization. These insurance policies companies are rated A/A- (Outstanding) by A.M. Very best Organization. For additional data go to www.hiig.com.
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