Radian to Acquire Inigo, a Highly Profitable Lloyd's Specialty Insurer; $1.7 Billion Transaction to Transform Radian Into a Global Multi-Line Specialty Insurer

WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that it has entered into a definitive agreement to acquire Inigo Limited ("Inigo†), a highly profitable Lloyd's specialty insurer, for $1.7 billion in a primarily all-cash transaction.1 The transaction will be funded from Radian's available liquidity sources and excess capital from its subsidiaries. This strategic acquisition will mark an important step in Radian's transformation from a leading U.S. mortgage insurer to a. ...