Radian announces closing of $498 million mortgage insurance-linked notes transaction

Philadelphia--(business wire)--radian group inc. (nyse: rdn) today announced that its wholly owned subsidiary, radian guaranty inc., has obtained $498 million of fully collateralized excess of loss reinsurance coverage from eagle re 2021-1 ltd. (eagle re). the excess of loss reinsurance covers eligible mortgage insurance policies written by radian guaranty in august 2020 through december 2020. eagle re is a newly formed bermuda special purpose insurer and is not a subsidiary or affiliate of rad
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