Radian Group has finalised its buy of Inigo, shifting the US-listed insurer into worldwide specialty markets with a presence at Lloyd’s of London.
The deal, unveiled in September 2025, was largely cash-funded and closed at $1.67bn after changes.
Entry deeper trade intelligence
Expertise unmatched readability with a single platform that mixes distinctive information, AI, and human experience.
Inigo’s tangible fairness on the finish of 2025 was estimated at $1.16bn, indicating a valuation of round 1.4-times that determine.
Radian stated the acquisition was financed by present liquidity and surplus capital at its mortgage unit, Radian Warranty.
Radian CEO Rick Thornberry stated: “This acquisition advances our strategic focus to develop and diversify our enterprise, whereas staying true to our core strengths in underwriting, threat administration and capital allocation. I’m excited to welcome Inigo to Radian and sit up for collaborating with the crew to leverage our mixed experience and create long-term worth for our prospects, companions and stockholders.”
Following completion, Inigo will proceed working independently from London, retaining its administration, model and underwriting method.
CEO Richard Watson, chief underwriting officer Russell Merrett and finance chief Stuart Bridges stay in cost.
Radian stated the transaction ought to elevate earnings per share by 13–17% in 2026 and add roughly 200 foundation factors to return on fairness.
The corporate additionally expects the deal to double annual income and widen its choices for allocating capital throughout insurance coverage courses by various market situations.
The insurer added that the mix hyperlinks its steadiness sheet power and threat controls to Inigo’s underwriting operations at Lloyd’s, marking its shift from being a predominantly US mortgage insurer to a broader international specialty group.
Inigo CEO Richard Watson added: “This is a crucial a part of our journey to develop into a world-class specialty insurance coverage and reinsurance firm, valued by its prospects, its buyers and its workers. Radian shares our obsession with prospects and our love of information.”
