Derek Brummer Appointed Chief Risk Officer of Radian; Scott Theobald Tapped to Serve in Newly Created Role of EVP Lender and

  Derek Brummer Appointed Chief Risk Officer of Radian; Scott Theobald Tapped
  to Serve in Newly Created Role of EVP Lender and Structured Products

Business Wire

PHILADELPHIA -- June 26, 2013

Radian Group Inc. (NYSE: RDN) today announced the appointment of Derek Brummer
as executive vice president and chief risk officer. The position was
previously co-managed by Brummer, who oversaw risk management for the
financial guaranty business, Radian Asset Assurance Inc., and Scott Theobald,
who oversaw risk management for the mortgage insurance business, Radian
Guaranty Inc.

In this newly created position, Brummer will be responsible for all aspects of
the credit risk management strategy and framework, as well as evaluating
credit policy, for Radian and its subsidiaries. He will report directly to
Radian CEO S.A. Ibrahim.

Brummer joined Radian in 2002 and has served as chief risk officer and general
counsel for Radian Asset since 2008, where he was responsible for managing all
risk and legal matters for the financial guaranty company and its insured
portfolio. Brummer led all risk management strategy, overseeing portfolio
surveillance, reserving, quantitative analytics and modeling, and directing
restructurings and workouts. He also played a key role in developing and
structuring new product lines and overseeing various underwriting committees.
Brummer holds a J.D. from New York University School of Law.

“We are pleased to have Derek play this important role at Radian,” stated
Ibrahim. “Derek is a well-respected member of the Radian executive team, and
given his experience in risk management and strategy, he is the ideal choice
for this position.”

As Radian continues to position itself for future growth, Theobald, who joined
the company in 1997, will assume the newly created role of executive vice
president, lender and structured products for Radian Guaranty. Theobald will
be responsible for fostering new business and product development, and pricing
and reporting for fee-based business opportunities. In addition, he will
continue to oversee loss management.

“During his tenure, Scott has played a valuable role in establishing Radian as
a leader in the mortgage insurance market,” stated Teresa Bryce Bazemore,
Radian Guaranty’s president. “Scott has a deep understanding of the industry,
and this in combination with his varied experience and natural leadership
ability, fosters an innovative approach that will help him to be successful in
this position.”

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private
mortgage insurance and related risk mitigation products and services to
mortgage lenders nationwide through its principal operating subsidiary, Radian
Guaranty Inc. These services help promote and preserve homeownership
opportunities for homebuyers, while protecting lenders from default-related
losses on residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional information may
be found at www.radian.biz.

Contact:

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz
 
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