Radian Group has agreed to acquire Inigo Limited, a Lloyd's speciality insurer, for $1.7bn, primarily in cash. The funding for this acquisition will come from Radian's available liquidity and surplus capital from its subsidiaries. The company's strategy with this purchase is to expand its expertise and capabilities in the insurance sector, particularly in the US mortgage insurance market, and to efficiently utilise its excess capital. Set up in 2020, Inigo via Lloyd’s Syndicate 1301 underwrites a varied ...