Radian Group Inc. has promoted Derek Brummer to senior executive vice president for mortgage insurance and risk services.
In his new role, Mr. Brummer will continue to be responsible for credit risk management strategy and policy, while also leading Radian's mortgage insurance and risk services business and the team responsible for all mortgage insurance, credit risk products, and operations. His primary focus will be to grow the value of Radian's mortgage insurance portfolio and to expand and evolve the company's credit risk products and services.
Mr. Brummer joined Radian in 2002 and has served as Radian's chief risk officer since 2013. Prior to that, he was chief risk officer and general counsel for Radian's financial guaranty company.
Prior to joining Radian, Mr. Brummer was a corporate associate at Allen & Overy as well as Cravath, Swaine & Moore, both in New York.
He holds a bachelor's degree from the University of Nebraska at Lincoln and a J.D. from New York University School of Law.
Learn more: www.radian.biz.