Radian Group Inc. announced a definitive agreement to acquire Inigo Limited, a highly profitable Lloyd's specialty insurer, for $1.7 billion. This transaction is primarily all-cash and will be funded from Radian's available liquidity sources and excess capital from its subsidiaries. The acquisition marks a significant strategic shift for Radian, aiming to transform it from a leading U.S. mortgage insurer into a global multi-line specialty insurer.
Inigo's specialty business is largely focused on the U.S. market and is projected to generate $1.6 billion in gross written premiums in 2025. The acquisition is expected to nearly double Radian's revenue and boost its earnings per share, providing substantial financial and strategic benefits. The deal values Inigo at 1.5 times its expected 2025 tangible equity.
The transaction is projected to close in the first quarter of 2026, subject to final regulatory approvals. This strategic expansion into the Lloyd's global specialty market diversifies Radian's business beyond its traditional mortgage insurance offerings, positioning the company for broader growth and enhanced risk management capabilities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.