Radian Group Inc., a global multi-line specialty insurer, has completed the sale of its Real Estate Services business to PLACE, a real estate technology and services platform, and entered into a definitive agreement to sell its Title business to PLACE.
The sale of its Title business is expected to be completed in the fourth quarter of 2026.
Together, the sale of the Real Estate Services business and the pending sale of the Title business are expected to complete Radian’s previously announced plan to divest the non-core businesses formerly reported under its “All Other” category.
The transactions advance Radian’s strategic plan to transform from a leading U.S. private mortgage insurer into a diversified global multi-line specialty insurer.
The transformation follows a comprehensive strategic review completed in 2025. As part of this, Radian acquired Inigo, a Lloyd’s specialty insurer, for $1.67 billion in February 2026.
Rick Thornberry, Chief Executive Officer of Radian, said, “These actions mark an important milestone for Radian and reflect continued execution of the strategic plan we announced following our comprehensive strategic review in 2025, which resulted in our acquisition of Inigo.
“We are proud of the talented teams behind our Real Estate Services and Title businesses and the meaningful impact they have created for customers. We believe PLACE is well positioned to build on their success, while Radian focuses fully on executing our strategy as a global multi-line specialty insurer and delivering long-term value for our stockholders.”
Ben Kinney, Co-Founder and CEO of PLACE, commented, “We are excited to welcome Radian’s Real Estate Services business to PLACE and look forward to the opportunity to bring Radian’s Title business into our platform following closing.
“These businesses bring deep industry expertise, strong customer relationships and complementary capabilities that align well with PLACE’s mission to support real estate professionals, homeowners and institutional clients with technology-enabled services. We look forward to building on the teams’ strong foundation and continuing to deliver value for our customers.”
“Radian’s transformation continues to gain momentum,” added Mike Weinbach, Radian CEO-Elect. “We believe our leading mortgage insurance franchise and specialty insurance business create a strong foundation for disciplined capital allocation and long-term value creation, while expanding our access to large, diversified global markets.”
Citizens Capital Markets & Advisory is serving as financial adviser, while Faegre Drinker Biddle & Reath LLP is serving as legal counsel to Radian on the transactions.
