Radian group
Encyclopedia
Radian Group Inc. is a credit enhancement
company, offering mortgage insurance
, financial guaranty insurance for public finance, asset-backed
and structured finance
transactions, reinsurance
and other financial services. Radian is the third-largest publicly traded mortgage insurer in the United States.
The company is headquartered in Philadelphia, with operations in New York City
, London
and Hong Kong
.
It generates nearly one-third of its net income from non-mortgage insurance businesses.
The company's key executives are S.A. Ibrahim (chief executive officer
of Radian Group), Rick Altman (Chief Admin Officer Admin/HR), David Beidler (President
Radian Asset), Teresa Bryce (President
MI Operations), Lawrence DelGatto (EVP
Information Technology), Rick Gillespie (SVP
MI Operations), Edward Hoffman (SVP
Legal), Bob Quint (EVP
Finance), James Sookiasian (SVP
Admin/HR), and Scott Theobald (EVP
Risk Management).
The company has over 1,000 employees.
Credit enhancement
Credit enhancement is a key part of the securitization transaction in structured finance, and is important for credit rating agencies when rating a securitization. The credit crisis of 2007-2008 has discredited the process of credit enhancement of structured securities as a financial practice as...
company, offering mortgage insurance
Mortgage insurance
Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer...
, financial guaranty insurance for public finance, asset-backed
Asset-backed security
An asset-backed security is a security whose value and income payments are derived from and collateralized by a specified pool of underlying assets. The pool of assets is typically a group of small and illiquid assets that are unable to be sold individually...
and structured finance
Structured finance
Structured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid lawsStructured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid laws...
transactions, reinsurance
Reinsurance
Reinsurance is insurance that is purchased by an insurance company from another insurance company as a means of risk management...
and other financial services. Radian is the third-largest publicly traded mortgage insurer in the United States.
The company is headquartered in Philadelphia, with operations in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
.
It generates nearly one-third of its net income from non-mortgage insurance businesses.
The company's key executives are S.A. Ibrahim (chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Radian Group), Rick Altman (Chief Admin Officer Admin/HR), David Beidler (President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
Radian Asset), Teresa Bryce (President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
MI Operations), Lawrence DelGatto (EVP
EVP
The abbreviation EVP may refer to:* Executive Vice President, an officer in government or business who is next in rank below a president.* The Estonian Left Party , a political party...
Information Technology), Rick Gillespie (SVP
SVP
The abbreviation SVP may refer to:In science and mathematics:* Saturation vapor pressure, the partial pressure of water vapor in the atmosphere when measured above a flat surface...
MI Operations), Edward Hoffman (SVP
SVP
The abbreviation SVP may refer to:In science and mathematics:* Saturation vapor pressure, the partial pressure of water vapor in the atmosphere when measured above a flat surface...
Legal), Bob Quint (EVP
EVP
The abbreviation EVP may refer to:* Executive Vice President, an officer in government or business who is next in rank below a president.* The Estonian Left Party , a political party...
Finance), James Sookiasian (SVP
SVP
The abbreviation SVP may refer to:In science and mathematics:* Saturation vapor pressure, the partial pressure of water vapor in the atmosphere when measured above a flat surface...
Admin/HR), and Scott Theobald (EVP
EVP
The abbreviation EVP may refer to:* Executive Vice President, an officer in government or business who is next in rank below a president.* The Estonian Left Party , a political party...
Risk Management).
The company has over 1,000 employees.