Radian Guaranty estimates that it will have a shortfall in PMIER Available Assets of approximately $350 million after taking into consideration the net proceeds from the sale of Radian Asset of approximately $789 million, and unencumbered holding company cash of approximately $670 million that Radian has earmarked for capital contributions to.
"The acquisition increases AGC’s capital base and policyholders’ surplus, and the transaction is accretive to Assured Guaranty’s earnings, operating shareholders’ equity and adjusted book value," continued Mr. Frederico. AGC paid $804.5 million in cash, after certain adjustments, to acquire Radian Asset.
In April, radian guaranty successfully completed the sale of Radian Asset Assurance Inc., Radian’s financial guaranty insurance subsidiary, to Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd. for approximately $810 million.
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· Radian Group Inc. agreed to sell its bond guarantor to Assured Guaranty Ltd. for $810 million to free up capital as the company prepares for tighter oversight of mortgage insurance. The deal is expected to be completed in the first half of next year, Philadelphia-based Radian said.
Radian Group (RDN) Stock Soaring Today on Asset Sale.. Radian Asset Assurance Inc., to Assured Guaranty Corp.. the sale of Radian Asset will help to accelerate our ability to do so," Ibrahim.
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Radian Chief Executive Officer S.A. Ibrahim said, "The sale of our financial guaranty subsidiary marks an important milestone for Radian as we simplify our focus on our core strengths and.
Radian Guaranty, the mortgage insurance subsidiary of Radian Group (RDN), announced the sale of Radian Asset Assurance Inc., Radian’s financial guaranty insurance subsidiary, to Assured Guaranty Corp.
Our principal financial guaranty subsidiary, Radian Asset Assurance Inc. ("Radian Asset Assurance. and the ability of the primary insurers (primarily subsidiaries of Assured Guaranty Ltd..
The stock purchase of Radian Asset Assurance will allow the Philadelphia-based company to focus on its core mortgage-insurance business and comply with proposed changes to rules governing private.
Private mortgage insurer Radian Group Inc. RDN has successfully completed the sale of its financial guaranty insurance subsidiary, Radian Asset Assurance Inc., to Assured Guaranty Corp., a.