Radian Group Inc., based in Wayne, Pa., said it has sold its Real Estate Services business, and its Title business to PLACE as part of its transformation to Global Multi-Line Specialty Insurer.
While the real estate services transaction is complete, the title sale is subject to closing conditions and obtaining the required regulatory approvals, officials said. Terms of the transactions were not disclosed, but officials said they are expected to be finalized in the fourth quarter of this year. The deal will complete Radian’s plan to divest itself of its non-core businesses.
“These actions mark an important milestone for Radian and reflect continued execution of the strategic plan we announced following our comprehensive strategic review in 2025, which resulted in our acquisition of Inigo,” Radian Chief Executive Officer Rick Thornberry said. “We are proud of the talented teams behind our Real Estate Services and Title businesses and the meaningful impact they have created for customers. We believe PLACE is well positioned to build on their success, while Radian focuses fully on executing our strategy as a global multi-line specialty insurer and delivering long-term value for our stockholders.”
PLACE, a real estate technology and services platform, partners with real estate agents and teams to deliver integrated technology, business services and an end-to-end consumer experience. The company said it looked forward to incorporating Radian’s businesses into its platform.
“These businesses bring deep industry expertise, strong customer relationships and complementary capabilities that align well with PLACE’s mission to support real estate professionals, homeowners and institutional clients with technology-enabled services,” Ben Kinney, Co-Founder and CEO of PLACE. “We look forward to building on the teams’ strong foundation and continuing to deliver value for our customers.”