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

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Radian Group Inc. (NYSE:RDN) said Thursday it will buy Inigo Limited, a Lloyds Banking Group (NYSE:LYG) specialty insurer, in a $1.7 billion transaction that will transform the Pennsylvania-based company into a global multi-line insurer.

The deal, funded primarily with cash on hand and excess subsidiary capital, values Inigo at 1.5 times its expected 2025 tangible equity. It is projected to close in the first quarter of 2026 and nearly double Radian’s revenue while boosting earnings per share by mid-teens percentages in the first full year.