Radian Bets $1.7 Billion On Inigo To Reinvent Itself As A Global Specialty Insurance Powerhouse

Group 1 - Radian Group Inc. is acquiring Inigo Limited for $1.7 billion, transforming itself into a global multi-line insurer [1][2] - The acquisition is expected to close in Q1 2026, nearly doubling Radian's revenue and boosting earnings per share by mid-teens percentages in the first full year [2][3] - CEO Rick Thornberry emphasized the strategic importance of the acquisition, diversifying beyond traditional mortgage insurance into the Lloyd's global specialty market [3] Group 2 - Inigo, founded in 2021, will continue under its current leadership, highlighting cultural alignment and complementary portfolios with Radian [4] - Radian plans to sell its Mortgage Conduit, Title, and Real Estate Services units by Q3 2026, simplifying operations to focus on specialty insurance [4] - As of June 30, 2025, Radian held cash of $22.09 million, indicating a strong capital position to support the acquisition [5]