Radian Group Inc., a U.S. company primarily known for mortgage insurance, has received all regulatory approvals required for its pending acquisition of Inigo Limited, a specialty insurance group underwritten through Lloyd’s of London.
The transaction is expected to close in February 2026, subject to customary closing conditions.
The deal would mark a major step for Radiant as it expands beyond mortgage insurance into a broader multi-line specialty insurance business.
The acquisition is expected to roughly double Radian’s annual revenue and increase flexibility in allocating capital among its different insurance businesses.
Radian said in its initial announcement in February 2025 that it had signed a definitive agreement to acquire Inigo for approximately $1.7 billion, mostly in cash.
Following completion of the transaction, Inigo will operate as a Radian business unit while maintaining its underwriting operations in London.
The combined organization will combine Radian’s financial strength, risk management innovation and operational scale with Inigo’s specialized market insights and track record.
CEO Richard Watson previously emphasized that the deal presents significant growth opportunities for Inigo, noting that this growth will be measured and focused as the company continues to strengthen customer relationships, expand its use of data and analytics, and maintain a strong company culture.
