Radian to acquire Inigo for $1.7bn.

Radian, a provider of private mortgage insurance, risk management products and real estate services, agreed to acquire Inigo, a London-based specialty insurance company, for $1.7bn. "This is a financially compelling transaction, funded entirely from our excess capital and available liquidity sources without issuing new equity. Most importantly, we are excited to partner with the talented Inigo team, fueled by a shared commitment toward innovation, underwriting expertise, data science, technology and workplace culture. Together, we are well positioned to deliver even greater value to our combined stakeholders," Rick Thornberry, Radian CEO.