{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-206774","form_type":"8-K","ticker":"RDN","cik":"0000890926","company_name":"RADIAN GROUP INC","filed_at":"2025-09-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.614647+00:00","generated_at":"2026-05-17T06:19:32.855137+00:00","sec_items":["1.01","5.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Radian to acquire Lloyd's insurer Inigo for $1.7B; plans divestiture of mortgage, title & real estate","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-206774","json":"https://secwatch.observer/filing/0001193125-25-206774.json","markdown":"https://secwatch.observer/filing/0001193125-25-206774.md","text":"https://secwatch.observer/filing/0001193125-25-206774.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/890926/000119312525206774/0001193125-25-206774-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/890926/000119312525206774/d945088d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:19:32.855137+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a6c1a1c65e64d62a0fdb15c8bad813a3b5d00482","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/890926/000119312525206774/0001193125-25-206774-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-09-17"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}