WAYNE, PA — Radian Group Inc. (NYSE: RDN) has named mortgage industry veteran Mike Weinbach as its next chief executive officer, positioning the company for its next phase of growth following its recent $1.7 billion expansion into global specialty insurance.
The insurer announced that Chief Executive Officer Rick Thornberry intends to retire at the end of 2026. Weinbach was appointed CEO-Elect effective June 1 and will assume the chief executive role and join Radian’s board on August 13. Thornberry will remain with the company as a strategic advisor through December 31 to support the leadership transition.
The succession plan follows a transformative period for Radian, including its February acquisition of Inigo Limited, a Lloyd’s specialty insurer that significantly broadened the company’s reach beyond its traditional mortgage insurance business.
Since becoming chief executive in 2017, Thornberry oversaw a period of growth that included more than tripling book value per share on a total-return basis, including dividends, according to the company. The Inigo acquisition marked Radian’s entry into the global specialty insurance market and expanded its exposure to multiple insurance lines.
Howard Culang, Radian’s non-executive chairman, described the acquisition as a defining milestone in the company’s evolution from a domestic mortgage insurance provider into a diversified global insurer.
Weinbach brings more than three decades of experience across banking, mortgage servicing, lending, and financial services. Most recently, he served as president of Mr. Cooper Group, where he helped lead the mortgage servicer through its acquisition by Rocket Companies in 2025.
Before joining Mr. Cooper, Weinbach was chief executive of consumer lending at Wells Fargo, overseeing businesses that included home, auto, student, and personal lending, as well as credit cards and merchant services. Earlier in his career, he spent 16 years at JPMorgan Chase, ultimately serving as chief executive of Chase Home Lending.
Culang stated that the board conducted a formal search process with executive search firm Russell Reynolds Associates before selecting Weinbach.
“Radian is exceptionally well positioned, and we have full confidence that Mike is the right leader to build on that foundation,” Culang stated.
Weinbach indicated his immediate focus will be executing the company’s strategy and integrating its expanding specialty insurance platform.
“Radian has established itself as a truly differentiated company — a best-in-class mortgage insurance business with deep customer relationships, financial discipline, and now a global specialty platform with significant runway,” Weinbach stated.
Radian said the transition is designed to provide continuity as the company integrates Inigo and pursues growth opportunities across mortgage insurance and specialty insurance markets.
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