Inigo was formed in the fourth quarter of 2020. Built to be different whilst aligning to the valuable traditions of the Lloyd’s market.
The business began trading with a simple idea: understand risk with greater precision by using technology and data to drive and share insight, enabling best-in-class underwriting and increased value for our clients. Data is central to our thinking. It guides how we see the world, how we underwrite risk and when and how we share data driven insights with clients to accelerate action.
In February 2026, Inigo became a part of Radian Group forming a global multi-line insurance and reinsurance company.
Our culture remains open, curious and grounded in good judgement. We share what we see because better conversations lead to better choices, and ultimately, underwriting that stands up to scrutiny and delivers more value over time.
When Inigo began in 2020, it wasn’t to follow a well-trodden path — it was to rethink specialty insurance and reinsurance from the ground up. That idea has since grown into a business shaped by data, driven by insight, and built by people who believe in doing things differently.
We didn’t just adopt a data-first mindset; we built around it, creating a culture that’s open, curious, and forward-thinking.
That mindset still defines us. And these are the people who carry it.
Richard Watson
FOUNDER AND CHIEF EXECUTIVE OFFICER
Alice Kaye
HEAD OF REINSURANCE
Russell Merrett
FOUNDER AND CHIEF UNDERWRITING OFFICER
Steve Agutter
HEAD OF CLAIMS
Stuart Bridges
FOUNDER AND CHIEF FINANCIAL OFFICER
Andrea Aakre
CHIEF PEOPLE AND DEVELOPMENT OFFICER
Craig Knightley
CHIEF UNDERWRITING OFFICER INSURANCE
George Stratts
HEAD OF PARTNERSHIPS
Matthew Rolph
CHIEF COMMERCIAL OFFICER
Erdal Atakan
CHIEF OPERATIONS AND TECHNOLOGY OFFICER
Vanessa Hartley
CHIEF RISK OFFICER
Maeve Grant
CHIEF INVESTMENT OFFICER
Adam Alvarez
HEAD OF CAPITAL AND CLIMATE STRATEGY
I am the Chief Executive Officer at Inigo, a Company I helped to found back in 2021. We have built the Company to focus on specialty insurance and reinsurance. We focus our efforts on areas where our customers really value our expertise, and where a passion for data and analytics, helps us to underwrite well, and to enhance how our customers see their risk. From the start, we created a culture that attracts and retains, smart, but low ego, highly collaborative people. The people and the culture of Inigo have been the cornerstone of its success.
Before founding Inigo, I spent 33 years at Hiscox, serving in multiple leadership roles including Chief Underwriting Officer and CEO of both Hiscox Global Markets and Hiscox USA.
I am Head of Reinsurance at Inigo, where I lead our dynamic team and shape our growing portfolio. We focus largely on short-tail lines of reinsurance, both Property and Specialty. I am a qualified actuary as well as an experienced reinsurance underwriter, having spent a decade at PartnerRe and Everest Re prior to joining Inigo in 2021. I have a master’s degree in engineering from the University of Oxford. My other career choice was as a professional bridge player, and I dream of regaining some of my prior form. I am a mother to two young girls, who bring me much joy and keep me on my toes!
London, United Kingdom
[email protected]
With 25 years’ experience in the insurance sector, my career spans broking, underwriting and launching an insurtech, Kinsu, in 2017. I am the former Managing Director of Hiscox London Market. Having joined Hiscox in 1997 as a reinsurance underwriter, I spent my next 16 years in senior positions, including Active Underwriter for Syndicate 33. Before my time at Hiscox, I was a reinsurance broker at Greig Fester. Since 2015, I have served as an Independent Non-Executive Director of RenaissanceRe Syndicate Management. Previously, I was also Chair of the LMA’s Reinsurance Business Panel and served on the Non-Marine Committee.
As Head of Inigo’s claims department, I am responsible for all classes of business. I bring 30+ years of insurance claims experience to Inigo and was formerly AIG’s Chief Claims Officer, International responsible for management of all Commercial & Personal Lines claims across the International & Speciality Divisions. I specialise in Property & Energy claims as well as Catastrophe response and will also oversee all inwards/ceded Reinsurance claims at Inigo. I have been at Inigo since the start joining in December 2020 and I sit on the Inigo Executive Committee.
A chartered accountant, my previous roles include Chief Financial Officer of Control Risks Group, Chief Financial Officer of Nex Group plc (formerly ICAP plc) and Chief Financial Officer of Hiscox plc – a position I held for 16 years. Before Hiscox, I held numerous positions at financial services companies in the UK and US, including Henderson Global Investors. I am a Non-Executive Director, and Chair of the audit committee of Caledonia Investments plc and investment firm UIL Ltd. Previously. I was Chair of the LMA Finance Committee and a member of the ABI Finance Committee.
I head up our dynamic HR team. We support our Inigo colleagues to reach their full potential and succeed, while showcasing why outstanding talent should join us. I also drive diversity and inclusion – ensuring we reflect the clients we work with, and benefit from the different backgrounds, viewpoints and experiences a diverse team offers. In my free time, I love to travel and hike my way up the highest mountains.
I have over 17 years of experience in the insurance sector, spanning roles at PwC and Hiscox before joining Inigo at its inception. As a qualified actuary and Cambridge MBA graduate, I bring a deep understanding of risk, analytics, and strategy to my leadership role.
As Chief Underwriting Officer for Insurance, I oversee around two-thirds of Inigo’s premium portfolio and lead the delivery of Inigo Horizon—the company’s differentiated proposition for large corporates. Horizon includes INFORM, Inigo’s internship programme for risk managers, as well as bespoke analytical insight packs and a dedicated client partnership team.
Having been with Inigo since day one, I play a central role in shaping the company’s strategic direction and underwriting philosophy. In July 2025, I was appointed to the Inigo Board, reflecting my significant contribution to the firm’s growth and innovation.
I am responsible for Partnerships, our newest venture at Inigo where we look to create bespoke solutions for our brokers, MGA partners and their respective portfolios. I am also a member of Inigo’s Executive Committee. I have been a leader in the insurance industry for over thirty years and my experience includes building diverse and global commercial property teams and leading organizations of all sizes. My technical expertise spans all lines of property and marine insurance in both regulated and non-regulated markets. Prior to joining Inigo, I was at AIG for nearly twenty years where I served in several roles including Chief Executive Officer of Lexington, President of Property and Special Risks and Chief Executive Officer of AIG’s Global Marine and Energy. I am an executive sponsor of Inigo’s diversity and inclusion initiatives. I am also President of The Focus Foundation, a non-profit that identifies and assists families and children who have chromosomal variations, Dyslexia, and developmental dyspraxia.
As part of the Inigo Executive Team I focus on the continually evolving strategy and growth of the business and our brand in the markets in which we operate. We are fixated on continually wanting to be better in everything we do, for all those who we trade with. I also have responsibility for our Sustainability strategy and exploring emerging opportunities.
Prior to joining Inigo I was a member of Hiscox’s Executive Team and previously led placement across Specialties and Retail for Marsh UK and was the executive sponsor for global data integration across the twelve largest countries.
I lead our fantastic operations & technology teams. Our aim is to design and run a superior operating model whilst leveraging the best that technology, data & analytics has to offer. In doing so we empower our underwriting and claims teams to efficiently and knowledgably serve our partners and customers. To achieve this we work with a niche set of specialist service providers and deliver all systems using cloud native technology. We also make sure Inigo’s daily operations, resilience, vendor management and procurement activities run smoothly. Outside work, when not entertaining my two young kids I’m an exercise enthusiast and enjoy mountain biking around the Surrey Hills.
As Inigo’s Chief Risk Officer, I bring over 25 years of experience in (re)insurance assurance functions within the Lloyd’s and London markets. Prior to joining Inigo, I held Head of Risk positions at Swiss Re, Catlin and China Re; developing the risk function through periods of internal and regulatory change. I also qualified as a Chartered Accountant with EY.
At Inigo, I am a member of the IMAL Board and Executive Committee and hold the SMF4 position. I oversee the Enterprise Risk Management Framework, ORSA process and Internal Model Validation. I report directly to the Inigo CEO and have a dotted reporting line to the Chair of the Risk and Investment Committee.
I am dedicated to delivering a high level of expertise and leadership in shaping Inigo’s risk framework and risk culture.
As Chief Investment Officer, I ensure our portfolios generate a competitive return for the right level of risk, and our invested assets play nicely with our liabilities. I do this by working with fantastic external managers and leveraging as much Inigo knowledge as I can. Outside work, I am a non-committed hobbyist. I’ll try anything (most likely terribly) and have been knitting a scarf for my mother for about seven years. I’ll finish it one day.
The risks faced by Inigo and our clients are a reflection of the risks faced by the real economy. The perils caused by extreme weather could not be more important and we dedicate considerable effort to deepening our understanding of climate and climate change. Climate risk is also the biggest driver of our capital needs. I work with existing and potential investors to ensure that we have the capital that we need to support our business as it grows. Prior to Inigo, I spent time as a reinsurance underwriter and consulting on the topic of alternative reinsurance capital.
CHAIRMAN
I became Chairman of Inigo Limited on 1 December 2020. Before this, I chaired the UK Financial Services Authority from 1997 to 2003 and served as Chairman of the Phoenix Group from August 2015 to October 2021. I also chaired the UK Airports Commission from 2012 to 2015 and later became Chairman of the NatWest Group, a role I held from September 2015 to April 2024.
Earlier in my career, I served as Deputy Governor of the Bank of England from 1995 to 1997, following three years as the Director General of the Confederation of British Industry. I am also a Professor at Sciences Po, Paris, where I teach courses on financial regulation and central banking.
Chief Executive Officer of Radian Group Inc.
I serve as Chief Executive Officer of Radian Group Inc. (NYSE: RDN), a leading global specialty insurance company. Since joining Radian in 2017, I have led the company’s strategic transformation into a diversified insurance platform, culminating in the acquisition of Inigo. I bring nearly 40 years of leadership experience across financial services and insurance, including as co-founder and CEO of two successful fintech companies; President of Citicorp Mortgage; Chief Financial Officer and Managing Director at Prudential Home Mortgage; and Senior Advisor to leading private equity firms. I began my career as a CPA at Deloitte, serving financial services clients.
CHAIR OF THE RISK AND INVESTMENT COMMITTEE
I joined the Inigo Board as the Chair of the Risk and Investments Committee in 2022. I am also a member of the Boards of British Gas Insurance, where I serve as the Senior Independent Director and Chair of the Risk Committee, Coop Insurance Services, and Moody’s Ratings UK, as well as the French and German supervisory boards.
Prior to building my portfolio of independent director roles, I spent over 20 years at the Financial Services Authority (the predecessor regulator to the PRA and FCA), followed by four years with Aegon UK as their Group Regulatory Risk Director. During my time at the FSA, I held a variety of supervisory and policy roles, including Head of Department supervising Lloyd’s of London and the London Market.
Non-Executive Board Director
I have spent over 30 years working in the financial services sector, in both audit and consulting, at Price Waterhouse and Ernst & Young. During that time, I worked with many audit clients in the insurance sector, including Allianz, Aviva, Axa, and Swiss Re. My Lloyd’s Syndicate experience includes working with Catlin and Kiln. My consulting experience has primarily focused on transaction support, risk management, and regulation.
Since 2012, I have served as a non-executive director, chairing audit committees at LV, which had a large general insurance book, and Rathbones, the FTSE 200 Wealth and Asset Manager, where I also served on their Risk Committees. Additionally, I have chaired a Building Society and a privately owned property company.
I was appointed to the Inigo Limited Board in 2020 and currently serve as the Chairperson of the Audit Committee.
I was appointed to the Inigo Limited Board in December 2020. Before that, I served as Group HR Director of AON PLC for 10 years before taking early retirement in December 2019.
I also held the position of Group HR Director at the reinsurance company Benfield Ltd. In total I have over 30 years of experience as an HR Director within the financial services sector, working at C-suite level. My board experience also includes serving as an Independent Non-Executive Director at McGill and Partners Ltd, a specialist (re)insurance broker.
I am currently the Chairperson of Inigo’s Performance and Remuneration Committee.
Radian Group is a global multi-line insurer with a diverse portfolio of specialty insurance and reinsurance products. Our proprietary view of risk is cultivated from advanced data and risk analytics, disciplined underwriting, innovative thinking, and transformative technology, enabling us to evaluate risk with unique, data-driven insights and deliver trusted solutions that transform risk into opportunity around the world.
We raised $800m of capital in Q4 2020.
We bought a Lloyd’s managing agency and created Inigo. Through Lloyd’s, we gained access to a high security rating and international licences.
All legacy business was retained by the previous owner, allowing us to start 2021 with a clean balance sheet.
On 1 January 2021, we started writing Reinsurance, Property D&F and GL.
In February, we added D&O and Marine and Energy Liability.
In June 2021, we wrote our first terrorism policy.
We started writing Aviation War in Q3 2021.
$412m
We wrote $412m GWP in our first year – making us the biggest start-up syndicate in Lloyd’s history.
We added Onshore Energy and Financial Institutions in Q2 2022.
$802m
We doubled our GWP to $802m in 2022.
Hosted the first Inigo D&O panel event following the launch of our inaugural Defense Counsel Survey.
We started writing Cyber in April 2023.
We delivered a series of Inigo events: a Hackathon to aid our innovation; a Climate, Catastrophe and Capital event for property D&F and an inaugural Lloyd’s Women’s Cricket Festival.
We formed a new data-first strategic partnership with IoT company Samsara, the first of its kind in the US fleet transport sector.
$1,083m
We grew to $1,083m GWP in our third year.
We formed the Partnerships business unit in Q1 2024.
We formed Motion Specialty with Johnson & Johnson Inc. in 2024 to provide meaningful capacity for flood insurance and high-value homeowners in the US.
Launched InSPIRe, sponsoring University of Cambridge storm prediction and impact research.
$1,340m
We wrote $1,340m GWP in 2024.
Launched Inigo Horizon. A programme dedicated to providing increased value to Brokers and Risk Managers.
We celebrated our 5th Anniversary in November.
We held our first Annual Risk Leadership Event for clients navigating complex risks representing multiple industries
Radian Group Acquired Inigo
In February, Inigo becomes part of the Radian Group, a global multi-line specialty insurer.
