Mike Weinbach Named CEO-Elect of Radian
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WAYNE, Pa., May 22, 2026 (VSNewsNetwork.com) — Insurance company Radian Group Inc. has announced that Chief Executive Officer Rick Thornberry will retire in December 2026, and the Board has appointed Mike Weinbach as CEO-Elect.
The Board of Directors has appointed Mike Weinbach as CEO-Elect effective June 1, 2026. Weinbach will assume the role of Chief Executive Officer and join the Board on August 13, 2026. Thornberry will remain as a strategic advisor through December 31, 2026, to support the transition.
Since becoming CEO in 2017, Thornberry oversaw a period of financial growth at Radian. According to the company, book value per share more than tripled on a total return basis, including dividends, reflecting a 13.4% compounded annual growth rate. Earlier this year, the company completed its $1.7 billion acquisition of Inigo Limited, a Lloyd’s specialty insurer, marking Radian’s expansion into the global specialty insurance market.
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“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,” said 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,” said Thornberry.
Weinbach brings approximately 30 years of experience in financial services and consumer lending. Most recently, he served as President of Mr. Cooper Group, where he led the company through its acquisition by Rocket Companies in 2025. Prior to that, Weinbach was Chief Executive Officer of Consumer Lending at Wells Fargo and spent 16 years at JPMorgan Chase, including serving as CEO of Chase Home Lending. He began his career as an investment banker at Citigroup. Weinbach holds an MBA from Harvard Business School and a bachelor’s degree in economics from The Wharton School of the University of Pennsylvania.
“Selecting a CEO is one of the Board’s most important responsibilities, and we approached the process with the rigor it deserves, engaging with Russell Reynolds Associates, a global executive search and leadership advisory firm, to ensure we considered the best leadership talent available. In Mike, we found someone who distinguished himself throughout the process – not only for his track record of leading large, diversified and complex businesses, but for the thoughtfulness and discipline with which he thinks about the road ahead. Radian is exceptionally well positioned, and we have full confidence that Mike is the right leader to build on that foundation,” said Culang.
"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,” said Weinbach.
For more information, visit www.radian.com.
Source: Radian Group Inc.
