Behind the Headlines: Radian’s Rick Thornberry and Richard Watson on Inigo’s ‘second album’
Insurance Insider - Behind the Headlines
<p><b>What’s driving the wave of shifting ownership structures in the Lloyd’s market?</b><br> The M&A cycle underway at Lloyd’s is reshaping the landscape, with new models emerging. One recent example is the combination of a mortgage and Lloyd’s specialty insurer, following Radian’s $1.7bn acquisition of Inigo.</p>
<p>Radian CEO Rick Thornberry describes it as a “winning combination,” offering non-correlating exposure and an outlet for excess capital. Meanwhile, Inigo CEO Richard Watson is preparing to release the firm’s “second album” – this time with permanent capital backing rather than the uncertainty of private equity.</p>
<p>Plus, Insurance Insider’s Rebecca Perkins unpacks the dynamics in the aviation market ahead of crucial Q4 renewals.</p>