Radian to buy UK's Inigo for $1.7 billion, shares rise
ReutersSep 18, 2025 12:56 PM
Shares of mortgage insurance provider Radian Group RDN.N up 6.71% at $37.06 after company said it will buy Lloyd's syndicate Inigo for $1.7 billion
Co's expansion into UK's specialty market follows a strategic review to diversify beyond its traditional mortgage insurance offerings
Deal, which is expected to close in the first quarter of 2026, values Inigo at 1.5 times its projected tangible equity at the end of 2025
As of last close, RDN up 9.5% YTD
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