Radian Group Inc. announced on February 12, 2026 that Daniel Kobell will serve as interim Chief Financial Officer, succeeding Sumita Pandit who departed as CFO and President. Kobell, who has spent 11 years at Radian and most recently led the company as Executive Vice President of Finance, will oversee the firm’s financial strategy and reporting during the transition period.
In addition to Kobell’s appointment, Radian named Robert J. Quigley Senior Executive Vice President, Controller and Chief Accounting Officer, ensuring continuity in financial operations. The leadership change follows the completion of a $1.7 billion acquisition of Inigo Limited, a specialty insurance group underwriting through Lloyd’s of London, which expands Radian from a U.S. mortgage insurer into a global, multi‑line specialty insurer.
"Today marks an important milestone for Radian as we expand from our established position as a leading U.S. private mortgage insurer into a global multi‑line specialty insurer. This acquisition advances our strategic focus to grow and diversify our business, while staying true to our core strengths in underwriting, risk management, and capital allocation," said CEO Rick Thornberry. The deal is expected to double Radian’s revenue, deliver mid‑teen percentage growth in earnings per share, and increase return on equity by about 200 basis points in the first full year after closing.
Radian’s financial health remains strong: trailing twelve‑month revenue of $1.32 billion, a net margin of 43.74 %, an EBITDA margin of 66.53 %, and a debt‑to‑equity ratio of 0.25. The private mortgage insurance market is projected to reach $300 billion in 2024, with a 10 % growth forecast for 2025, underscoring the strategic value of the Inigo acquisition in diversifying Radian’s revenue streams.
"This is an important part of our journey to become a world‑class specialty insurance and reinsurance company, valued by its customers, its investors, and its staff. Radian shares our obsession with customers and our love of data. With Radian’s complementary portfolio, aligned culture, and long‑term thinking, we are better capitalized and more diversified," added Richard Watson, CEO of Inigo. Together, the CFO transition and the Inigo deal signal Radian’s confidence in its transformation strategy and its commitment to maintaining financial stability during the change.
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