{"id":50662,"date":"2026-05-22T18:19:48","date_gmt":"2026-05-22T15:19:48","guid":{"rendered":"https:\/\/mk.gen.tr\/radian-names-mike-weinbach-ceo-elect-with-rick-thornberry-set-to-retire\/"},"modified":"2026-05-22T18:19:48","modified_gmt":"2026-05-22T15:19:48","slug":"radian-names-mike-weinbach-ceo-elect-with-rick-thornberry-set-to-retire","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/radian-names-mike-weinbach-ceo-elect-with-rick-thornberry-set-to-retire\/","title":{"rendered":"Radian names Mike Weinbach CEO-elect with Rick Thornberry set to retire"},"content":{"rendered":"

U.S. mortgage insurer\u00a0 Radian Group Inc.<\/strong> said Thursday that CEO Rick Thornberry<\/a> plans to retire at the end of 2026 after nearly a decade of leading the company through a major strategic expansion, including its recent move into specialty insurance.<\/p>\n

The company said Mike Weinbach<\/a>, former president of Mr. Cooper Group<\/strong>, has been named CEO-elect effective June 1. He will officially become CEO and join Radian\u2019s board on Aug. 13.<\/p>\n

Thornberry, who joined Radian Group as CEO in 2017, will remain with the company as a strategic adviser through the end of the year to assist with the transition. During his tenure, the company said book value per share more than tripled on a total return basis, including dividends, while Radian<\/a> expanded beyond its traditional mortgage insurance<\/a> business.<\/p>\n

That expansion culminated earlier this year with Radian\u2019s $1.7 billion acquisition<\/a> of Inigo Limited<\/a><\/strong>, a Lloyd\u2019s<\/strong> specialty insurer. The deal, which closed Feb. 2, marked the company\u2019s entry into the global specialty insurance market.<\/p>\n

\u201cRick\u2019s impact on Radian over the last nine years cannot be overstated,\u201d Howard Culang, the company\u2019s non-executive chairman, said in a statement. Culang said the Inigo acquisition was a \u201cdefining moment\u201d in the company\u2019s history and credited Thornberry with helping transform Radian into a more diversified global business.<\/p>\n

Thornberry said the company had worked to build a business capable of growing across market cycles while maintaining financial discipline and a strong risk management culture.<\/p>\n

\u201cThe addition of Inigo is the clearest expression of that ambition, expanding our business and offering a runway of growth that simply was not available to us before. Mike is a proven leader with the experience, discipline, and people-first approach this company deserves, and I look forward to working closely with him to ensure a seamless transition,\u201d Thornberry said in a statement.<\/p>\n

Weinbach brings more than 30 years of experience in banking and consumer lending. At Mr. Cooper, he helped oversee the mortgage servicer\u2019s acquisition<\/a> by Rocket Companies<\/strong> in 2025. Before that, he served as CEO of consumer lending<\/a> at Wells Fargo<\/strong>, overseeing home, auto, student and personal lending operations.<\/p>\n

Earlier in his career, Weinbach spent 16 years at JPMorgan Chase<\/strong>, where he eventually became CEO<\/a> of Chase Home Lending<\/strong>. He began his career in investment banking at Citigroup<\/strong>.<\/p>\n

Analysts from Keefe, Bruyette & Woods<\/strong> sent out a flash note on Friday that said: \u201cGiven [Mike Weinbach\u2019s] strong background in the mortgage industry, we would expect the market to be comfortable with this transition.\u201d<\/p>\n

Culang said the board worked with executive search firm Russell Reynolds Associates<\/strong> during the succession process and selected Weinbach for his experience in managing large, diversified businesses.<\/p>\n

Weinbach said Radian\u2019s combination of mortgage insurance operations and its new global specialty insurance platform positions the company for future growth.<\/p>\n

The news comes just months after Radian confirmed to HousingWire<\/strong> that it was shutting down its mortgage conduit business<\/a> after a divestiture process. The company also said it would be evaluating strategic options for its title and real estate services businesses.<\/p>\n

In February, company president and chief financial officer Sumita Pandit<\/a> departed. Following her exit, the board promoted Daniel Kobell and Robert J. Quigley to senior executive vice president positions that oversee the company\u2019s finance functions.<\/p>","protected":false},"excerpt":{"rendered":"

U.S. mortgage insurer\u00a0 Radian Group Inc. said Thursday that CEO Rick Thornberry plans to retire at the end of 2026 after nearly a decade of leading the company through a major strategic expansion, including its recent move into specialty insurance. The company said Mike Weinbach, former president of Mr. Cooper Group, has been named CEO-elect…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/50662"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=50662"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/50662\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=50662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=50662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=50662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}