Radian Names Derek Brummer President of Mortgage
February 21 2020 - 8:30AM
Business Wire
Radian Group Inc. (NYSE: RDN) today announced that Derek Brummer
has been named President of Radian’s Mortgage business. He will
continue to oversee the company’s Mortgage Insurance and Mortgage
Risk Services businesses, including developing strategies for
continued growth as the mortgage industry evolves.
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Derek Brummer, President, Mortgage,
Radian Group Inc. (Photo: Business Wire)
“Derek has done an outstanding job working with the team to grow
our Mortgage Insurance and Risk Services businesses, while keeping
a sharp focus on managing Radian’s risk-return profile,” said Chief
Executive Officer Rick Thornberry. “His leadership and credit risk
discipline have fostered transformative approaches that benefit our
customers and set us apart in the industry.”
Brummer, 49, has been instrumental in growing Radian’s
high-quality mortgage insurance portfolio and expanding the
company’s credit risk products and services. Since Brummer assumed
the role of Senior Executive Vice President in February 2018,
Radian has increased the granularity and customized nature of its
risk-based pricing tools, while also furthering its goal of
effectively managing capital and reducing portfolio volatility
through reinsurance and mortgage insurance-linked notes.
“Since joining Radian, I have been fortunate to work with
outstanding teams throughout the organization," said Brummer. “I
look forward to building upon our progress to expand Radian’s value
proposition and meet an even broader range of customer needs.”
Brummer joined Radian in 2002, serving as Chief Risk Officer
since 2013 and as head of Mortgage Insurance and Risk Services
since 2018. Prior to that, he was Chief Risk Officer and General
Counsel for Radian’s financial guaranty company. Before joining
Radian, Brummer was a corporate associate at Allen & Overy as
well as Cravath, Swaine & Moore, both in New York. He holds a
bachelor’s degree from the University of Nebraska at Lincoln and a
J.D. from New York University School of Law.
About Radian
Radian is ensuring the American dream of homeownership
responsibly and sustainably through products and services that
include industry-leading mortgage insurance and a comprehensive
suite of mortgage, risk, real estate, and title services. We are
powered by technology, informed by data and driven to deliver new
and better ways to transact and manage risk. Learn more about
Radian’s financial strength and flexibility at www.radian.biz and
visit www.radian.com to see how Radian is shaping the future of
mortgage and real estate services.
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For Investors John Damian – Phone:
215.231.1383 Email: john.damian@radian.com
For the Media: Rashi Iyer – Phone:
215.231.1167 Email: rashi.iyer@radian.com
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