U.S. mortgage insurer Radian Group Inc. said that president and chief financial officer Sumita Pandit is departing the company effective Thursday, according to filings with the Securities and Exchange Commission (SEC).

Radian did not provide details on Pandit’s departure beyond mentioning that “in connection with the involuntary termination of Ms. Pandit’s employment, she will be entitled to receive the compensation and other benefits applicable to a ‘Qualifying Termination’ under her previously disclosed Executive Severance Agreement,” the filings explained.

Following her exit, the board elevated Daniel Kobell and Robert J. Quigley to senior executive vice president roles within details ⇒

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