For Radian, the attraction lies in Inigo’s trajectory since its founding in 2020. Built by three former Hiscox executives – Richard Watson, Russell Merrett and Stuart Bridges – the syndicate secured $800 million in initial backing, entered Lloyd’s with a clean balance sheet, and wrote $412 million of premium in its first year. By 2023, gross written premium had topped $1.08 billion, supported by expansion into cyber, financial institutions, onshore energy and aviation war.