Radian to buy UK's Inigo for $1.7 billion, shares rise

Radian

18/09/2025 13:56

** 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

 (Reporting by Anuj T in Bengaluru)