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Radian Appoints Seasoned Reinsurance Executive Jed Rhoads to Board of Directors

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Radian Group Inc. (NYSE: RDN) has appointed Jed Rhoads to its Board of Directors. Rhoads brings over 40 years of reinsurance experience, most recently holding senior executive positions at Markel Group Inc. for a decade. He previously served as Chairman of the Reinsurance Association of America.

Radian's Non-Executive Board Chairman Howard B. Culang highlighted Rhoads' extensive experience in leading global reinsurance operations as a valuable addition to the board's perspectives. CEO Rick Thornberry emphasized that Rhoads' skills align with Radian's core business and strategic goals, particularly in transforming risk into opportunity.

Radian Group Inc. (NYSE: RDN) ha nominato Jed Rhoads nel suo Consiglio di Amministrazione. Rhoads porta con sé oltre 40 anni di esperienza nel settore della riassicurazione, avendo ricoperto di recente ruoli dirigenziali senior presso Markel Group Inc. per un decennio. In precedenza, ha ricoperto la carica di Presidente dell'Associazione di Riassicurazione dell'America.

Il Presidente Non Esecutivo del Consiglio di Amministrazione di Radian, Howard B. Culang, ha evidenziato l'ampia esperienza di Rhoads nella gestione delle operazioni di riassicurazione a livello globale come un prezioso contributo alle prospettive del consiglio. Il CEO Rick Thornberry ha sottolineato come le competenze di Rhoads si allineino con il core business e gli obiettivi strategici di Radian, in particolare nella trasformazione del rischio in opportunità.

Radian Group Inc. (NYSE: RDN) ha designado a Jed Rhoads en su Junta Directiva. Rhoads aporta más de 40 años de experiencia en reaseguro, habiendo ocupado recientemente cargos ejecutivos superiores en Markel Group Inc. durante una década. Anteriormente, se desempeñó como Presidente de la Asociación de Reaseguro de América.

El Presidente No Ejecutivo de la Junta de Radian, Howard B. Culang, destacó la amplia experiencia de Rhoads en la dirección de operaciones de reaseguro global como una valiosa adición a las perspectivas de la junta. El CEO Rick Thornberry enfatizó que las habilidades de Rhoads se alinean con el negocio principal y los objetivos estratégicos de Radian, particularmente en la transformación del riesgo en oportunidad.

라디안 그룹 주식회사 (NYSE: RDN)제드 로즈를 이사회에 임명했습니다. 로즈는 40년 이상의 재보험 경험을 가지고 있으며, 최근 10년 동안 마켈 그룹 주식회사에서 고위 경영직을 맡았습니다. 그는 이전에 미국 재보험 협회의 의장을 역임했습니다.

라디안의 비실행 이사회 의장인 하워드 B. 쿨랑은 로즈의 글로벌 재보험 운영에 대한 풍부한 경험이 이사회의 시각을 보강하는 소중한 추가 요소라고 강조했습니다. CEO 릭 손베리는 로즈의 기술이 리스크를 기회로 전환하는 데 있어 라디안의 핵심 비즈니스 및 전략적 목표와 일치한다고 강조했습니다.

Radian Group Inc. (NYSE: RDN) a nommé Jed Rhoads au sein de son Conseil d'Administration. Rhoads apporte plus de 40 ans d'expérience en réassurance, ayant récemment occupé des postes de direction au sein de Markel Group Inc. pendant une décennie. Il a également été Président de l'Association de Réassurance des États-Unis.

Le Président non exécutif du Conseil de Radian, Howard B. Culang, a souligné que l'expérience approfondie de Rhoads dans la direction des opérations de réassurance mondiales est un ajout précieux aux perspectives du conseil. Le PDG Rick Thornberry a souligné que les compétences de Rhoads s'alignent avec les activités principales de Radian et ses objectifs stratégiques, notamment dans la transformation du risque en opportunité.

Radian Group Inc. (NYSE: RDN) hat Jed Rhoads in seinen Vorstand berufen. Rhoads bringt über 40 Jahre Erfahrung im Rückversicherungswesen mit und hatte in den letzten zehn Jahren leitende Positionen bei der Markel Group Inc. inne. Zuvor war er Vorsitzender der Rückversicherungsvereinigung von Amerika.

Der nicht geschäftsführende Vorsitzende des Radian-Vorstands, Howard B. Culang, hob hervor, dass Rhoads' umfangreiche Erfahrung in der Leitung globaler Rückversicherungsoperationen eine wertvolle Ergänzung für die Perspektiven des Vorstands darstellt. CEO Rick Thornberry betonte, dass Rhoads' Fähigkeiten mit Radains Kerngeschäft und strategischen Zielen übereinstimmen, insbesondere bei der Transformation von Risiken in Chancen.

Positive
  • Addition of seasoned reinsurance executive with 40+ years of industry experience
  • Strategic alignment with company's core business through expertise in risk management
  • Brings valuable global reinsurance operations leadership experience
Negative
  • None.

WAYNE, Pa.--(BUSINESS WIRE)-- Radian Group Inc. (NYSE: RDN) today announced that Jed Rhoads has been appointed to serve on its Board of Directors. Rhoads is a seasoned reinsurance executive, with more than 40 years of experience, including most recently a decade in senior executive roles at Markel Group Inc. He also served as Chairman of the Reinsurance Association of America.

Jed Rhoads, Board of Directors, Radian (Photo: Business Wire)

Jed Rhoads, Board of Directors, Radian (Photo: Business Wire)

“We are thrilled to welcome Jed to the Radian Board of Directors,” said Radian Non-Executive Board Chairman Howard B. Culang. “Jed’s vast experience in leading reinsurance operations around the world will add even more insight to the broad perspectives we value on the Radian Board. His long career assessing and managing risk makes him an ideal addition to the Board and we look forward to working with him.”

“Jed comes with tremendous experience and a variety of skills that align with Radian’s core business and strategic goals,” said Radian Chief Executive Officer Rick Thornberry. “At Radian, our Board is focused on guiding and empowering a team that transforms risk into opportunity, and Jed is extremely well suited to help us do that.”

About Jed Rhoads

Jed Rhoads, 66, served from 2013 until 2022, when he retired, as President and Chief Underwriting Officer for the Global Reinsurance Division at Markel Group Inc., a financial holding company that markets and underwrites specialty insurance products. In his role, he was responsible for Markel’s global reinsurance business, which wrote more than 25 lines of reinsurance including mortgage, directors and officers liability, general liability, property catastrophe, surety, marine, aviation, energy, cargo and more.

In 2013, Markel acquired Alterra Capital Holdings Limited, where Rhoads held a senior executive role. Rhoads also held senior positions at Harbor Point Re Bermuda and Chubb Re Bermuda, predecessor operations to Markel Global Re. Rhoads was Executive Vice President of Reinsurance and Chief Underwriting Officer for Overseas Partners Limited and was a principal and underwriter for Stockton Reinsurance Bermuda. Prior to that, he served as Executive Vice President of Sedgwick Re.

Rhoads began his reinsurance career as an underwriter at Kemper Reinsurance Company in Long Grove, IL. He graduated with a BA from Beloit College, Beloit, WI, where he was a Kemper Scholar.

About Radian

Radian is a catalyst for homeownership that transforms risk into opportunity through services and technologies that empower housing and capital market participants to act with confidence. The Radian family of companies is shaping the future of mortgage and real estate services through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. Visit radian.com to see how we’re creating possibilities for a place to call home.

For Investors:

Dan Kobell - Phone: 215.231.1113

email: daniel.kobell@radian.com

For the Media:

Rashi Iyer - Phone 215.231.1167

email: rashi.iyer@radian.com

Source: Radian Group Inc.

FAQ

Who is the new board member appointed to Radian Group (RDN)?

Jed Rhoads, a seasoned reinsurance executive with over 40 years of experience, has been appointed to Radian Group's Board of Directors.

What is Jed Rhoads' previous experience before joining Radian's board?

Jed Rhoads held senior executive roles at Markel Group Inc. for a decade and served as Chairman of the Reinsurance Association of America.

How will Jed Rhoads' appointment benefit Radian Group (RDN)?

Rhoads' extensive experience in global reinsurance operations and risk management aligns with Radian's core business and strategic goals, bringing valuable insights to the board.

What is the strategic significance of RDN's new board appointment?

The appointment strengthens Radian's board with expertise in risk assessment and management, supporting the company's mission of transforming risk into opportunity.

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