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

Core Viewpoint - Radian Group Inc. has announced a definitive agreement to acquire Inigo Limited for $1.7 billion, primarily in cash, marking a significant strategic shift for the company from a U.S. mortgage insurer to a broader insurance entity [1]. Company Summary - The acquisition of Inigo Limited, a profitable Lloyd's specialty insurer, is expected to enhance Radian's business portfolio and capabilities [1]. - The transaction will be funded through Radian's available liquidity and excess capital from its subsidiaries, indicating a strong financial position to support this strategic move [1]. Industry Summary - This acquisition reflects a trend in the insurance industry where companies are diversifying their offerings and expanding into specialty insurance markets to drive growth and profitability [1].