Radian Group subsidiary Radian Insurance has received authorization to conduct insurance business in and from Hong Kong.
Radian said that the certificate of authorization granted by Hong Kong’s Commissioner of Insurance illustrates the success of the company’s international growth strategy.
The company also said that, by partnering with leading organizations such as Standard Chartered, with which it began a partnership in 2005, it is able to capitalize on Hong Kong’s growing mortgage market.
This license is an important milestone for Radian, said Jeff Cashmer, Radian’s senior vice president of international mortgages. Through our partnership with Standard Chartered, Radian has helped to provide Hong Kong homebuyers with new financing options, while reinforcing our commitment to growing the area’s mortgage market. As a fully licensed branch office, we can make an even greater impact.