NU Online News Service, July 29, 3:30 p.m. EDT

A new Pennsylvania firm, Essent Guaranty Inc., said it has received approval from regulators in that state and will become the first insurer of U.S. private mortgages since the financial crisis began.

The Radnor, Pa.-based Essent Group said it has secured $500 million in equity funding from investors, including Goldman Sachs, J.P. Morgan, PartnerRe, Renaissance Re and Pine Brook Road Partners.

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