Behind the Headlines: Radian’s Rick Thornberry and Richard Watson on Inigo’s ‘second album’

02/10/2025 30 min
Behind the Headlines: Radian’s Rick Thornberry and Richard Watson on Inigo’s ‘second album’

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Episode Synopsis

What’s driving the wave of shifting ownership structures in the Lloyd’s market? 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.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.Plus, Insurance Insider’s Rebecca Perkins unpacks the dynamics in the aviation market ahead of crucial Q4 renewals.

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