NYSE:RDNDiversified Financial
Radian Group Acquisition Of Inigo Reshapes Earnings Mix Beyond Mortgage Insurance
Radian Group (NYSE:RDN) has completed its acquisition of specialty insurer Inigo.
The deal expands Radian beyond its core mortgage insurance focus into global multi line specialty insurance.
The transaction is described by the company as a meaningful shift in its business direction.
For years, Radian Group has been best known for its mortgage insurance operations, which are closely tied to housing and credit cycles. By bringing Inigo into the fold, Radian is adding exposure to specialty...