RDN Radian Group Inc

PHILADELPHIA, Dec. 20 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE:RDN), a global credit risk management company, today announced the promotion of Scott Theobald to senior vice president, Corporate Risk and Capital Management, Radian Group, and David Rockwell to senior vice president, Risk Management, Radian Asset Assurance Inc. Theobald will continue to lead Radian's efforts to enhance its credit risk management systems and will play a central role in enterprise-wide capital analytics and transaction management. Rockwell will continue to be responsible for managing Radian's rapidly growing collateralized debt obligation (CDO) portfolio and provide counsel to the business units to ensure that all transactions are consistent with the company's risk profile. According to Executive Vice President and Chief Risk Officer Suzanne Hammett, "Scott's unique combination of skills and experience in the mortgage market has allowed him to play a critical enterprise risk management role and has added greatly to our ability to systematically measure risk. "David's experience in commercial risk management has helped Radian to prudently grow its CDO book of business, which is the largest segment of our structured finance portfolio. These promotions reflect Radian's commitment to continue to strengthen its risk management business," she said. About Scott Theobald Theobald joined Radian in 1997 as director of Costing Analytics. He was appointed vice president, Structured Transactions in 1999 and vice president, Enterprise Risk in 2002. Prior to joining Radian, he served at Freddie Mac in a variety of analyst positions. He holds a bachelor's degree in International Studies from the University of Wisconsin and a master's degree in Economics from the University of South Florida. About David Rockwell Before joining Radian in 2004 as vice president, Risk Management, Rockwell held senior leadership positions managing risk at Marsh & McLennan, Chubb Financial Solutions and American International Group. He holds bachelor's degrees in English and History from St. Lawrence University and a J. D. from Albany Law School. About Radian Group Inc. Radian Group Inc. (NYSE:RDN) is a global credit risk management company headquartered in Philadelphia with significant operations in both New York and London. Radian develops innovative financial solutions by applying its core mortgage credit risk expertise and structured finance capabilities to the credit enhancement needs of the capital markets worldwide, primarily through credit insurance products. The company also provides credit enhancement for public finance and other corporate and consumer assets on both a direct and reinsurance basis and holds strategic interests in active credit-based consumer asset businesses. Additional information may be found at http://www.radian.biz/. About Radian Asset Assurance Inc. Radian Asset Assurance Inc. is a financial guaranty subsidiary of Radian Group Inc., a global credit enhancement company headquartered in Philadelphia. With offices in New York City and London, Radian Asset Assurance is a direct writer of municipal bond insurance and insurance of asset-backed securities and structured transactions, which extend insurance benefits to an array of institutions and securities issuers. Additional information may be found at http://www.radianassetassurance.com/. DATASOURCE: Radian Group Inc. CONTACT: For investors - Mona Zeehandelaar, +1-215-231-1674, email: ; or For the media - Corporate Communications - +1-215-231-1990, email: , both of Radian Group Web site: http://www.radian.biz/ http://www.radianassetassurance.com/

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