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News Breaks | | | | January 14, 2013 | | 16:02 EDT |  | RDN | Radian Group Completes Commutation of $827M reinsurance portfolio to FGIC
Radian Group announced that on January 9 its financial guaranty insurance subsidiary, Radian Asset Assurance Inc., completed the commutation of its remaining reinsurance risk from Financial Guaranty Insurance Company, FGIC. As previously reported when the companies entered into the agreement, the outstanding par reinsured by Radian Asset from FGIC was $827 million as of September 30, 2012. | |
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