Inigo
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The deal will be watched closely by Radian’s handful of similar peers. -
The low degree of overlap between the combining portfolios benefits both parties.
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Plus, the latest people moves and all the top news of the week.
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The mortgage insurer said Inigo will continue to operate as a standalone business.
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The CEO said the lack of portfolio crossover was highly attractive to Inigo.
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The US mortgage insurer announced its $1.7bn acquisition of Inigo earlier today.
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The deal becomes part of a wave of carrier dealmaking.
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Inigo executives told Insurance Insider last year they were weighing up the casualty treaty market.
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The post-disaster reinsurance start-up model is changing.
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Motion Specialty will initially focus on high value home and flood insurance in the US.
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The syndicate’s claims ratio worsened due to an “exceptionally active” hurricane season.
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Followers will automatically support primary or excess Inigo quotes.
