Radian Announces Agreement to Sell Financial Guaranty Subsidiary to Assured Guaranty
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc. , announced today that it has entered into a Stock Purchase Agreement to sell 100% of the issued and outstanding shares of Radian Asset Assurance Inc., Radian’s financial guaranty insurance subsidiary, to Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd.