Radian Group Inc. said on Monday that it has completed its acquisition of Inigo Limited, a specialty insurance group underwriting through Lloyd’s of London.

Philadelphia-based Radian said the deal positions it to become a “global, diversified multi-line specialty insurer,” expanding beyond its U.S. private mortgage insurance business into global specialty insurance lines.

Inigo will operate as a standalone business unit based in London and will retain its existing management team, brand and organizational structure. Inigo CEO Richard Watson will continue to lead the business alongside chief underwriting officer Russell Merrett and chief financial officer Stuart Bridges.

“Today marks an important milestone for details ⇒

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