PHILADELPHIA, Oct. 15 /PRNewswire-FirstCall/ -- Radian Group Inc.
(NYSE: RDN) today announced that it has appointed PricewaterhouseCoopers
LLP ("PwC") as the Company's new independent registered public accounting
firm. PwC's engagement will begin after the departure of the Company's
current auditor, Deloitte & Touche LLP. As previously disclosed, Deloitte &
Touche's engagement will end following the filing of the Company's
Quarterly Report on Form 10-Q for the third quarter of 2007. PwC will
immediately begin work in preparation for the completion of Radian's 2007
audit.
"We are pleased to engage PwC, a global leader in the accounting
profession, as our independent auditors," said S.A. Ibrahim, Chief
Executive Officer of Radian. "PwC has a strong reputation and an in-depth
knowledge of the financial services industry and the mortgage sector in
particular. We look forward to working with their team."
Radian Group Inc. is a global credit risk management company
headquartered in Philadelphia with significant operations in New York and
London. Radian develops innovative financial solutions by applying its core
mortgage credit risk expertise and structured finance capabilities to the
credit enhancement needs of the capital markets worldwide, primarily
through credit insurance products. The company also provides credit
enhancement for public finance and other corporate and consumer assets on
both a direct and reinsurance basis and holds strategic interests in
credit-based consumer asset businesses. Additional information may be found
at http://www.radian.biz.
SOURCE Radian Group Inc.
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Related links:
http://www.radian.biz
CONTACT:
Investors, Mona Zeehandelaar,
+1-215-231-1674, mona.zeehandelaar@radian.biz; or Media, Steve
Frankel or Jeremy Jacobs of Joele Frank, Wilkinson Brimmer
Katcher, +1-212-355-4449
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