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Radian Asset Assurance backs up bonds. The Radian Group subsidiary, is in the financial guaranty business, meaning that it insures and reinsures state and municipal bonds and provides direct financial guarantees of smaller debt obligations. The company reinsures in the US and Puerto Rico; its UK-based subsidiaries, Radian Asset Assurance Limited and Radian Financial Products Limited, provide financial guaranty products in Europe. As Radian Asset Assurance was heavily involved in insuring collateralized debt obligations and asset-backed securities, in 2008 its ratings were downgraded and the company ceased writing new financial guaranty business.
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Address: |
335 Madison Ave., 25th Fl.
New York, NY 10017
| | Phone: | 212-983-3100 | | Fax: | 212-682-5377 |
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Key People
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President:
David J. (Dave) Beidler
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SVP and Director Marketing, Public Finance:
John C. DeLuca
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