Reinsurance News

Radian Group

Radian completes capital actions to enhance financial flexibility

24th January 2023

Radian Group Inc. has announced a series of capital actions that were completed as of year-end 2022, which it says will enhance its financial flexibility. Firstly, in December 2022, Radian Reinsurance Inc., a wholly owned insurance subsidiary of Radian Group, completed the novation to an unrelated third-party reinsurer of its entire ... Read the full article

Radian secures additional $484mn of mortgage reinsurance

11th November 2021

Radian Guaranty, a subsidiary of US mortgage insurer Radian Group, has secured an additional $484 million of fully collateralised excess of loss reinsurance protection from Eagle Re 2021-2 Ltd. This is the second time this year that Radian has looked to the capital markets for a source of mortgage reinsurance ... Read the full article

Radian appoints Derek Brummer as President of Mortgage

24th February 2020

Radian Group has announced the appointment of Derek Brummer as President of its Mortgage business. Upon taking up the role, he will also continue to oversee Radian’s Mortgage Insurance and Mortgage Risk Services businesses. Brummer joined Radian in 2002, serving as Chief Risk Officer since 2013 and as head of Mortgage Insurance ... Read the full article

Radian secures $562m of reinsurance from capital markets

12th April 2019

Radian Guaranty, a subsidiary of Radian Group, has secured $562 million of credit risk protection from Bermudian special purpose insurer Eagle Re 2018-1 Ltd. through the issuance of mortgage insurance-linked notes (ILNs) to eligible third-party capital markets investors in an unregistered private offering. The four classes of ILNs issued by Eagle ... Read the full article

Radian enhances reinsurance at renewal after proposed changes to PMIERs

18th January 2018

Radian Group subsidiary, Radian Guaranty, has announced enhancements to its Single-Premium Mortgage Insurance (MI) Reinsurance Program, in response to proposed changes to Private Mortgage Insurer Eligibility Requirements (PMIERs). The enhancements include an increased cession of business for its single-premium MI quota share reinsurance arrangement, which it entered into in 2016, from 35% to ... Read the full article