Radian announces closing of $353 million mortgage insurance-linked notes transaction

Wayne, pa.--(business wire)---- $rdn--radian group inc. (nyse: rdn) today announced that its wholly owned subsidiary, radian guaranty inc. has obtained $353 million of fully collateralized excess of loss reinsurance coverage from eagle re 2023-1 ltd. (eagle re). the excess of loss reinsurance covers eligible mortgage insurance policies written by radian guaranty from april 1 to december 31, 2022. eagle re is a newly formed bermuda special purpose insurer and is not a subsidiary or affiliate of radian gu.
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