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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