Sept 18 (Reuters) - Radian Group ( RDN ) said on

Thursday it will buy UK-based Inigo for $1.7 billion as the U.S.

mortgage insurer seeks to transform into a global multi-line

specialty insurer.

Inigo, a Lloyd's syndicate founded in 2020, underwrites

multi-class specialty insurance and serves some of the world's

largest commercial and industrial enterprises.

The all-cash transaction, which is expected to close in the

first quarter of 2026, values Inigo at 1.5 times its projected

tangible equity at the end of 2025.

Goldman Sachs and Guy Carpenter's capital & advisory

team acted as financial advisers to Radian on the deal.