U.S. mortgage insurer  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 effective June 1. He will officially become CEO and join Radian’s board on Aug. 13.

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 details ⇒

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