Business
Radian CEO Rick Thornberry Announces Intent to Retire; Board Appoints Mike Weinbach as His Successor
WAYNE, Pa., May 21, 2026--Radian Group Inc. (NYSE: RDN) today announced that Chief Executive Officer Rick Thornberry has informed the Board of Directors of his intent to retire in December 2026, following nearly a decade of leadership that fundamentally transformed the company.
About this update from Radian Group Inc.
WAYNE, Pa., May 21, 2026--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that Chief Executive Officer Rick Thornberry has informed the Board of Directors of his intent to retire in December 2026, following nearly a decade of leadership that fundamentally transformed the company. The Board has appointed Mike Weinbach as CEO-Elect, effective June 1, 2026. Weinbach will assume the role of chief executive officer and become a member of the Board on August 13, 2026. Thornberry will serve as a strategic advisor through his retirement on December 31, 2026, supporting a disciplined and thoughtful transition. A Legacy of Strategic Transformation Since joining Radian as CEO in 2017, Thornberry has more than tripled book value per share on a total return basis, including dividends, delivering a 13.4% compounded annual growth rate while building the operational and financial foundation that enabled the company's next strategic evolution. That evolution culminated earlier this year with the $1.7 billion acquisition of Inigo Limited, a highly respected Lloyd's specialty insurer with broad reach across diversified, multi-line specialty insurance lines. The transaction, which closed February 2, 2026, marked Radian's entry into the global specialty insurance market and significantly expanded the company's total addressable market. "Rick's impact on Radian over the last nine years cannot be overstated," said Howard Culang, Non-Executive Chairman of the Board. "Under his leadership, Radian evolved from a strong domestic franchise into a diversified, global company with the financial strength, talent, and strategic positioning to compete and win for years to come. The Inigo acquisition represents a defining moment in Radian’s history, and it happened because of Rick’s vision, discipline and entrepreneurial leadership. On behalf of the entire Board, we are deeply grateful for his leadership and the remarkable legacy he leaves." "It has been a privilege to lead the Radian team, and I am deeply proud of all that we have accomplished together," said Thornberry. "We set out to build a company that could grow and perform across market cycles – one with the financial strength, the culture, the disciplined approach to risk and capital, and a genuine commitment to our customers and stockholders, and I believe we h...