Radian MI President Derek Brummer to retire July 3; CFO Sumita Pandit named President & CFO

RADIAN GROUP INC

Derek Brummer, President of Mortgage Insurance, will retire July 3, 2025 after 23 years at Radian.
Sumita Pandit, current CFO, will assume role of President and CFO upon Brummer's retirement, adding MI oversight.
Pandit joined Radian in March 2023 as Chief Growth Officer, became CFO in May 2023.
Brummer's retirement is not due to any disagreement with the company on operations, policies or practices.
Rick Thornberry, CEO, noted Pandit's financial markets and fintech background positions her for the expanded role.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Derek V. Brummer

President, Mortgage Insurance

RDN · RADIAN GROUP INC

Effective: 2025-07-03
Successor: Sumita Pandit
Filed: January 13, 2025, 6:59 PM ET

On January 8, 2025, Derek V. Brummer, President, Mortgage Insurance of Radian Group Inc. (the “Company”) provided the Company with notice of his decision to retire from his role and the Company, effective July 3, 2025.

Role change

Sumita Pandit

President and Chief Financial Officer

RDN · RADIAN GROUP INC

Effective: 2025-07-03
Filed: January 13, 2025, 6:59 PM ET

On January 10, 2025, the Board of Directors of the Company appointed Sumita Pandit, currently serving as Senior Executive Vice President, Chief Financial Officer of the Company, to the role of President and Chief Financial Officer of the Company, effective upon Mr. Brummer’s retirement from his current role.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Derek V. Brummer departed as President, Mortgage Insurance at RADIAN GROUP INC.

Action: retire
Role: President, Mortgage Insurance

Exact text from the filing

On January 8, 2025, Derek V. Brummer, President, Mortgage Insurance of Radian Group Inc. (the “Company”) provided the Company with notice of his decision to retire from his role and the Company, effective July 3, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sumita Pandit was appointed as President and Chief Financial Officer at RADIAN GROUP INC.

Action: appointed
Role: President and Chief Financial Officer

Exact text from the filing

On January 10, 2025, the Board of Directors of the Company appointed Sumita Pandit, currently serving as Senior Executive Vice President, Chief Financial Officer of the Company, to the role of President and Chief Financial Officer of the Company, effective upon Mr. Brummer’s retirement from his current role.

View on SEC.gov

RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-25-005339

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