Radian Guaranty secures $373m of XoL reinsurance coverage

US-based company primarily known for mortgage insurance, Radian Group Inc.’s wholly owned subsidiary, Radian Guaranty, has agreed to the principal terms of an approximately $373 million excess of loss (XoL) reinsurance arrangement with a panel of highly rated third-party reinsurance providers.This move aligns with the company’s broader risk distribution strategy to manage capital and proactively mitigate risk effectively.The agreement, which remains subject to final documentation, secures approximately $373 ...