Radian Group Inc. (NYSE:RDN) announced that, effective today, Mike Weinbach has assumed the role of Chief Executive Officer and joined its Board of Directors, completing the planned leadership transition announced on May 21, 2026. Weinbach succeeds Rick Thornberry, who will serve as a strategic advisor through his retirement on December 31, 2026.

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Mike Weinbach, CEO, Radian

"Radian’s Board of Directors is pleased to welcome Mike to his new roles following a thoughtful and comprehensive transition process," said Howard Culang, Non-Executive Chairperson of the Board. "Mike is an accomplished leader whose experience, strategic judgment and deep financial services expertise make him well suited to lead Radian through this next phase of growth."

Weinbach assumes the CEO role as Radian builds momentum as a global, diversified multi-line specialty insurer, following its acquisition of Lloyd’s specialty insurer Inigo Limited, which closed on February 2, 2026, and its actions to successfully divest of its other non-core businesses. Together, its Mortgage and Specialty Insurance businesses continue to strengthen Radian’s ability to deliver long-term value.

"It is an honor to join Radian at such a pivotal and promising moment," Weinbach said. "My confidence in the company’s future has only grown as I have spent time with our talented team and seen firsthand our differentiated approach to delivering value for customers, stockholders, and other stakeholders. Thanks to the vision and dedicated work of Rick Thornberry and the entire Radian team, I believe the company is exceptionally well-positioned for what lies ahead. I am excited to build on that strong foundation."

"On behalf of the Board, I want to once again thank Rick for his outstanding leadership over his nine years as CEO," said Culang. "His accomplishments and contributions will leave a lasting legacy that will benefit the company for years to come."

About Mike Weinbach

Mike Weinbach is a seasoned executive whose 30-year career has been defined by leading large, complex businesses through growth and transformation at the intersection of financial services, data, and technology. Most recently, he served as President of Mr. Cooper Group, where he successfully led the industry's largest mortgage servicer through its acquisition by Rocket Companies in 2025 while advancing technology initiatives that enhanced customer experience and grew the company's servicing and originations portfolios. Prior to Mr. Cooper, Weinbach was CEO of Consumer Lending at Wells Fargo, overseeing strategy across home, auto, student, and personal lending, credit cards, and merchant services, leading a team of more than 40,000 employees and serving on the company's Operating Committee. Before Wells Fargo, he spent 16 years at JPMorgan Chase, ultimately serving as CEO of Chase Home Lending after progressive leadership roles across consumer banking, business banking, home lending, and auto lending. He began his career as an M&A investment banker at Citigroup. Weinbach holds an MBA from Harvard Business School and a bachelor's degree in economics from The Wharton School of the University of Pennsylvania.

About Radian

Radian Group Inc. (NYSE:RDN) is a trusted, global multi-line specialty insurer that helps businesses navigate risk with confidence. Built on financial strength and disciplined risk management, Radian brings clarity to complex risk decisions through its proprietary view of risk and a global perspective. Visit radian.com to learn how our collaborative and customer-centric culture transforms risk into a world of opportunity.

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For Investors:

Bob Lally – Phone: 215.231.1570

email: robert.lally@radian.com

For the Media:

Rashi Iyer - Phone 215.231.1167

email: rashi.iyer@radian.com