“further to presenting the advantages from stronger scale,
marketplace presence and economies of length, an Essent-Radian combination
might offer vast opportunities for price savings,” Palmer stated in the file.
He additionally said that the corporations’ geographic proximity could “assist
to limit the disruption for personnel at both firms.”
Radian stated Tuesday that it employed seek company Spencer
Stuart to help searching for a successor, and will remember inner and outside
applicants. Essent CEO Mark Casale previously changed into an government at
Radian.
mortgage insurers cover losses when owners default and
foreclosure fails to recoup fees. Essent doesn’t comment on rumors or
hypothesis, the corporation said in an email. A consultant of Radian had no
immediately comment.
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