Radian agrees to sell its title business

Radian Group Inc. has announced plans to divest its title insurance business, following a strategic review of its operations. The company intends to sell its title insurance services by the end of the third quarter of 2026. This decision aligns with Radian’s broader strategy to focus on high-growth areas of the insurance sector.

Simultaneously, Radian has entered into a definitive agreement to acquire Inigo Limited, a Lloyd’s specialty insurer, for $1.7 billion all-cash transaction. The acquisition is expected to be funded through Radian’s available liquidity and excess capital from its subsidiaries. The transaction is intended to expand Radian’s presence in specialty insurance markets and diversify its revenue streams.

The board of directors has approved the divestiture of Radian’s title, mortgage conduit, and real estate services businesses. During the transition period, Radian’s title operations will continue to function as usual, with financial advisors assisting in the sale process.