Radian names Mike Weinbach CEO
Radian Group announced that CEO Rick Thornberry plans to retire at the end of 2026 and that the company’s board appointed Mike Weinbach as CEO-Elect effective June 1, 2026.
Weinbach will become CEO and join the board on August 13, 2026, while Thornberry will remain as a strategic advisor through December 2026 to support the transition.
Thornberry has led Radian since 2017. During his tenure, the company expanded into global specialty insurance through its $1.7 billion acquisition of Lloyd’s insurer Inigo earlier this year.
“Rick’s impact on Radian over the last nine years cannot be overstated. 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.” – Howard Culang, Non-Executive Chairman of the Board.
“It has been a privilege to lead the Radian team, and I am deeply proud of all that we have accomplished together. 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 have done that. The 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.” – Rick Thornberry.
Weinbach most recently served as President of Mr. Cooper Group and previously held senior leadership roles at Wells Fargo and JPMorgan Chase.
“Radian has established itself as a truly differentiated company – a best-in-class mortgage insurance business with deep customer relationships, financial discipline, and now a global specialty platform with significant runway. I’m coming in with great respect for what Rick and this team have built and a clear focus on what comes next – executing the strategy, investing in our people, and delivering long-term value for our customers and stockholders. I’m looking forward to working with this exceptional team.” – Mike Weinbach.
