{"id":800236,"date":"2025-01-13T16:35:43","date_gmt":"2025-01-13T21:35:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\/"},"modified":"2025-01-13T16:35:43","modified_gmt":"2025-01-13T21:35:43","slug":"radians-mortgage-insurance-president-derek-brummer-announces-retirement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\/","title":{"rendered":"Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement<\/b><\/p>\n<p class=\"bwalignc\"><i>Sumita Pandit, Radian\u2019s Chief Financial Officer, to Assume Mortgage Insurance Oversight in New Role as Radian\u2019s President and Chief Financial Officer<\/i><\/p>\n<p>WAYNE, Pa.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRadian Group Inc. (NYSE: RDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer\u2019s retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian\u2019s mortgage insurance business in addition to her current responsibilities as Chief Financial Officer.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250113832621\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250113832621\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250113832621\/en\/2351824\/4\/Derek_Brummer_3075_f.jpg\" alt=\"Derek Brummer, President, Mortgage Insurance, Radian (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Derek Brummer, President, Mortgage Insurance, Radian (Photo: Business Wire)<\/p>\n<\/div>\n<p>\n\u201cI\u2019ve been privileged to be part of Radian\u2019s rich 50-year history, and I am proud of what we have accomplished together,\u201d Brummer said. \u201cAs I retire, I know Radian is strategically well positioned today and for the future.\u201d<\/p>\n<p>\nBrummer joined Radian in 2002 as Chief Risk Officer and General Counsel for Radian\u2019s former financial guaranty company. He was appointed Radian\u2019s Chief Risk Officer in 2013 and assumed the role of President, Mortgage Insurance in 2018.<\/p>\n<p>\n\u201cOver the past 23 years at Radian, Derek has been an instrumental member of our leadership team contributing to the company\u2019s strong strategic positioning for the future. We appreciate all that he has done at Radian, and most importantly, we wish him all the best in his well-deserved retirement,\u201d said Rick Thornberry, Chief Executive Officer. \u201cSumita brings unique experience to the role including an exceptional blend of financial markets and investment banking expertise, as well as broad knowledge of Radian\u2019s businesses. She is optimally positioned to lead our experienced mortgage insurance team to continue to deliver our products and services to our customers and achieve our long-term strategic goals to drive value for our stockholders.\u201d<\/p>\n<p>\nPandit was appointed Senior Executive Vice President and CFO in May 2023. She joined Radian in March 2023 as the company\u2019s first Chief Growth Officer, working to develop and execute the company\u2019s long-term growth and innovation plans.<\/p>\n<p>\nPandit has more than two decades of experience in investment banking, advising companies across verticals in fintech, including payments, financial software, neo-banks, and insurance technology. She joined Radian after serving more than two years as the Chief Operating Officer of a global financial technology company, dLocal, where she oversaw client management, marketing, investor relations, and corporate development. Prior to dLocal, Pandit worked at J.P. Morgan in several Managing Director roles, including as Global Head of FinTech Investment Banking. Before joining J.P. Morgan, Pandit was a Vice President at Goldman Sachs in their Financial Institutions Group. Pandit earned an MBA from The Wharton School at the University of Pennsylvania, where she was a Palmer Scholar.<\/p>\n<p><b>About Radian<\/b><\/p>\n<p>\nRadian is a catalyst for homeownership that transforms risk into opportunity through services and technologies that empower housing and capital market participants to act with confidence. The Radian family of companies is shaping the future of mortgage and real estate services through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.radian.com%2F&amp;esheet=54178903&amp;newsitemid=20250113832621&amp;lan=en-US&amp;anchor=radian.com&amp;index=1&amp;md5=c5615af72115ea2580cfb784bea68836\">radian.com<\/a> to see how we\u2019re creating possibilities for a place to call home.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250113832621r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250113832621\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250113832621\/en\/<\/a><\/span><\/p>\n<p><b>For Investors:<br \/>\n<\/b><br \/>Dan Kobell &#8211; Phone: 215.231.1113<br \/>\n<br \/>email: <a rel=\"nofollow\" href=\"mailto:daniel.kobell@radian.com\">daniel.kobell@radian.com<\/a><\/p>\n<p><b>For the Media:<br \/>\n<\/b><br \/>Rashi Iyer &#8211; Phone 215.231.1167<br \/>\n<br \/>email: <a rel=\"nofollow\" href=\"mailto:rashi.iyer@radian.com\">rashi.iyer@radian.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Construction &amp; Property Professional Services Insurance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250113832621\/en\/686225\/3\/Radian_Logo_Medium.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250113832621\/en\/2351824\/3\/Derek_Brummer_3075_f.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Derek Brummer, President, Mortgage Insurance, Radian (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250113832621\/en\/2351877\/3\/Sumita_Pandit.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Sumita Pandit, Chief Financial Officer, Radian (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement Sumita Pandit, Radian\u2019s Chief Financial Officer, to Assume Mortgage Insurance Oversight in New Role as Radian\u2019s President and Chief Financial Officer WAYNE, Pa.&#8211;(BUSINESS WIRE)&#8211; Radian Group Inc. (NYSE: RDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer\u2019s retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian\u2019s mortgage insurance business in addition to her current responsibilities as Chief Financial Officer. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250113832621\/en\/ &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-800236","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement Sumita Pandit, Radian\u2019s Chief Financial Officer, to Assume Mortgage Insurance Oversight in New Role as Radian\u2019s President and Chief Financial Officer WAYNE, Pa.&#8211;(BUSINESS WIRE)&#8211; Radian Group Inc. (NYSE: RDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer\u2019s retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian\u2019s mortgage insurance business in addition to her current responsibilities as Chief Financial Officer. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250113832621\/en\/ &hellip; Continue reading &quot;Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-13T21:35:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20250113832621\/en\/2351824\/4\/Derek_Brummer_3075_f.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement\",\"datePublished\":\"2025-01-13T21:35:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\\\/\"},\"wordCount\":651,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20250113832621\\\/en\\\/2351824\\\/4\\\/Derek_Brummer_3075_f.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/radians-mortgage-insurance-president-derek-brummer-announces-retirement\\\/\",\"name\":\"Radian\u2019s Mortgage Insurance President Derek Brummer Announces Retirement - 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(NYSE: RDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer\u2019s retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian\u2019s mortgage insurance business in addition to her current responsibilities as Chief Financial Officer. This press release features multimedia. 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