"Today marks an important milestone for Radian as we expand from our established position as a leading U.S. private mortgage insurer into a global multi-line specialty insurer, Radian CEO Rick Thornberry said in a statement. This acquisition advances our strategic focus to grow and diversify our business, while staying true to our core strengths in underwriting, risk management, and capital allocation."
"Radian announced the definitive agreement to acquire Inigo in September 2025. The transaction, consisting primarily of cash, closed at a purchase price of $1.67 billion, net of adjustments. Inigo's estimated tangible equity at the end of 2025 was $1.16 billion, implying a purchase price multiple of about 1.4 times tangible equity. The transaction was funded through Radian's available liquidity and excess capital from its mortgage insurance subsidiary, Radian Guaranty."
Radian acquired Inigo, which will operate as a standalone London business unit retaining its management, brand and organizational structure. Richard Watson will remain CEO, with Russell Merrett as chief underwriting officer and Stuart Bridges as chief financial officer. The acquisition advances Radian's expansion from a U.S. private mortgage insurer into a global multi-line specialty insurer and diversifies its portfolio. The transaction closed at a $1.67 billion purchase price, primarily cash, funded from Radian's available liquidity and excess capital from mortgage insurer Radian Guaranty. Inigo's estimated tangible equity at end-2025 was $1.16 billion, implying a purchase multiple of about 1.4 times tangible equity.
Read at www.housingwire.com
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