Radian to acquire Lloyd's insurer Inigo for $1.7B; plans divestiture of mortgage, title & real estate

RADIAN GROUP INC

Acquisition of Inigo for $1.7B (primarily cash) expected to close Q1 2026, subject to UK, Lloyd's and Texas regulatory approvals.
Funded from Radian's excess capital and liquidity; $600M intercompany note from Radian Guaranty at 6.5% for 10 years.
Radian to divest all 'All Other' businesses (mortgage conduit, title, real estate services) within one year; held-for-sale and discontinued ops from Q3 2025.
Inigo management (CEO Richard Watson, CUO Russell Merrett, CFO Stuart Bridges) will continue leading; equity rollover <1% of RDN stock.
Acquisition expected to be mid-teens accretive to EPS and add ~200 bps to ROE in first full year after closing.

item 1.01 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

RADIAN GROUP INC: Added a forum selection bylaw designating Delaware state and federal courts as exclusive forums for specified internal and securities law claims (effective 2025-09-17).

Change: bylaw amendment
Effective: 2025-09-17

Exact text from the filing

On September 17, 2025, the board of directors of the Company (the “ Board ”) approved an amendment to the Company’s Fourth Amended and Restated By-laws (the “ Amended and Restated By-laws ”), effective September 17, 2025.

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42 governance changes filed in the last 30 days. Browse all governance changes →

RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-25-206774

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