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Radian to Acquire Inigo, a Highly Profitable Lloyd's Specialty Insurer; $1.7 Billion Transaction to Transform Radian Into a Global Multi-Line Specialty Insurer

1. Radian Group is acquiring Inigo Limited for $1.7 billion in cash. 2. This marks Radian's strategic shift from mortgage insurance to specialty insurance.

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FAQ

Why Bullish?

The acquisition indicates growth potential, enhancing RDN's diversification and profitability. Historical acquisitions in the insurance sector often lead to increased stock value.

How important is it?

The acquisition reflects RDN's strategic direction, potentially impacting its future revenue streams significantly.

Why Long Term?

Transformational acquisitions usually take time to yield financial benefits, aligning with RDN's strategic vision.

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ALLAXSLREPRU
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that it has entered into a definitive agreement to acquire Inigo Limited (“Inigo”), a highly profitable Lloyd's specialty insurer, for $1.7 billion in a primarily all-cash transaction.1 The transaction will be funded from Radian's available liquidity sources and excess capital from its subsidiaries. This strategic acquisition will mark an important step in Radian's transformation from a leading U.S. mortgage insurer to a.

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