Inigo, which underwrites through Lloyd’s of London Syndicate 1301, has been acquired by Radian Group Inc.

Inigo will operate as a dedicated business unit within Radian, while retaining its underwriting platform in London.

Richard Watson, chief executive officer of Inigo, said: “This is an important part of our journey to become a world class specialty insurance, and reinsurance company, valued by its customers, its investors, and its staff. Radian shares our obsession with customers, and our love of data. With Radian’s complementary portfolio, aligned culture and long-term thinking, we are better capitalised and more diversified."

Inigo’s senior management team remains in place following the acquisition. Watson continues to lead the business alongside Russell Merrett, chief underwriting officer, and Stuart Bridges, chief financial officer

Radian announced the transaction in September 2025. The purchase price at closing, net of adjustments, was US$1.67bn, funded through available liquidity and excess capital from Radian Guaranty.

---