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Radian Group Completes Acquisition Of Inigo For $1.67 Billion
Radian Group has completed its acquisition of Inigo Limited for $1.67 billion, expanding its business beyond U.S. private mortgage insurance into a global, diversified multi-line specialty insurer. Inigo will operate as a standalone unit, retaining its management and brand. Radian expects the acquisition to generate mid-teens percentage accretion to EPS and double its total annual revenue.