Radian CFO Pandit exits, Kobell named to interim role

"Radian Group Inc. said that president and chief financial officer Sumita Pandit is departing the company effective Thursday, according to filings with the Securities and Exchange Commission (SEC). Radian did not provide details on Pandit's departure beyond mentioning that in connection with the involuntary termination of Ms. Pandit's employment, she will be entitled to receive the compensation and other benefits applicable to a Qualifying Termination' under her previously disclosed Executive Severance Agreement, the filings explained."

"Following her exit, the board elevated Daniel Kobell and Robert J. Quigley to senior executive vice president roles within the company's finance functions. Kobell, who has spent 11 years in Radian's finance department, will also serve as interim CFO and oversee the company's financial functions. Prior to joining Radian, he spent eight years at Wells Fargo. He will report to CEO Richard Thornberry. Quigley, a 17-year Radian veteran, was named as senior executive vice president, controller and chief accounting officer."

"The leadership changes come as Radian completes its acquisition of Inigo Limited, a specialty insurance group underwriting through Lloyd's of London. Philadelphia-based Radian agreed to pay $1.7 billion for Inigo, which will operate as a standalone business unit while retaining its management team, brand and organizational structure. Analysts at Keefe, Bruyette & Woods said they don't see these personnel changes as reflective of any financial issues at Radian."

Sumita Pandit, Radian's president and chief financial officer, is departing effective Thursday per SEC filings. The filings state the departure is an involuntary termination and that Pandit will be entitled to compensation and benefits under a Qualifying Termination provision of her Executive Severance Agreement. The board promoted Daniel Kobell to interim CFO and senior executive vice president and elevated Robert J. Quigley to senior executive vice president, controller and chief accounting officer. Kobell has 11 years at Radian and eight years previously at Wells Fargo; Quigley has 17 years at Radian and ten years at Capmark Financial Group. Radian completed a $1.7 billion acquisition of Inigo, which will operate as a standalone unit retaining its management, brand and structure. Analysts at Keefe, Bruyette & Woods do not view the personnel changes as indicative of financial problems, and the company reported $141 million net income in the third quarter of 2025.

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