The mortgage insurers Amerin Corp. and CMAC Investment Corp. announced the name of the company to be formed by their merger.

The new holding company will be known as Radian Group Inc., and its chief operating subsidiary will be called Radian Guaranty Inc.

Once the merger is completed, Radian will be the second-largest private mortgage insurer, behind Mortgage Guaranty Insurance Corp.

Frank P. Fillips, who will be chairman and chief executive of the new company, said the Radian moniker suggests "creative energy and bright, bold ideas."

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