Amerin Corp. and CMAC Investment Corp. have completed their merger, creating the second-largest mortgage insurer.

The combined company, known as Radian Group Inc., has $85 billion of insurance in force and an 18.3% market share. Only Mortgage Guaranty Insurance Corp. of Milwaukee is bigger, with $138.15 billion of insurance in force. Radian has 838 employees in 28 offices across the country. It serves 3,500 lenders, including 26 of the top 30.

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