Radian Appoints Chief Risk Officer, EVP

""Radian Group Inc."":http://www.radian.biz/page?name=HomePage announced the appointment of Derek Brummer as EVP and chief risk officer.

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The position was previously co-managed by Brummer, who oversaw risk management for Radian Asset Assurance, and Scott Theobald, who oversaw risk management for Radian Guaranty Inc., Radian's mortgage insurance subsidiary.

Brummer joined Radian in 2002 and has served as chief risk officer and general counsel for Radian Asset since 2008. In those roles, he 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 [COLUMN_BREAK]

structuring new product lines and overseeing various underwriting committees.

In his newly created position, Brummer is responsible for all aspects of the credit risk management strategy and framework for Radian and its subsidiaries. He is also in charge of evaluating credit policy.

""We are pleased to have Derek play this important role at Radian,"" said Radian CEO S.A. 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.""

Departing his former co-management post, Theobald will assume the newly created role of EVP for lender and structured products at Radian Guaranty. He will be responsible for fostering new business and product development and pricing and reporting for fee-based business opportunities. 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,"" said Radian Guaranty president Teresa Bryce Bazemore. ""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.""