Rebrand described as "exciting"
Genworth Mortgage Holdings has officially changed its name to Enact Holdings, the company revealed on Monday.
“This rebrand is an exciting new journey for us, and while our name and visual identity has changed, what will not change is our commitment to our customers and to our mission: helping people buy houses and stay in their homes,” said Rohit Gupta, president and CEO of Enact.
Gupta said that the new name represents the company’s “commitment to action and concrete results.” Aside from the new name, the Raleigh, NC-based mortgage insurance firm also changed its visual identity and corporate website to EnactMI.com.
The move comes on the heels of Enact’s announcement that it will delay its planned initial public offering. The company said that it decided to postpone the IPO because of “market volatility” and will continue to evaluate options as market conditions develop.
“We bring together a greater understanding of our customers’ businesses, proactive service and innovative solutions to go the extra mile to serve them, giving them a competitive edge,” Gupta said. “We look forward to continue focusing on these strengths to drive results for our customers and shareholders.”
