Argo Group International Holdings News

Argo Group Shareholders Approve Merger With Brookfield Reinsurance

Argo Group International Holdings Ltd. announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. to acquire Argo in an all-cash transaction valued at approximately $1.1 billion. The merger remains subject to other customary closing conditions, including …

Brookfield Reinsurance to Acquire Insurer Argo Group in $1.1B Deal

Financial services firm Brookfield Reinsurance announced it has entered a definitive agreement to acquire Argo Group International Holdings in an all-cash transaction valued at approximately $1.1 billion. As part of the agreement, Argo shareholders will receive $30.00 per share in …

Legacy Specialist Enstar Completes Loss Portfolio Transfer With Argo Group

Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, announced that one of its wholly owned subsidiaries has closed its loss portfolio transfer transaction with specialty insurance underwriter Argo Group International Holdings Ltd. to reinsure a number of its direct U.S. …

Argo Group Hands Board Seat to Activist Hedge Fund Firm Voce Capital

Argo Group International Holdings handed a board seat to its largest investor on Monday, adding activist hedge fund manager J. Daniel Plants only a few months after announcing a strategic review that could include a sale of the insurance company. …

Argo Group Names Bradley CEO as Rehnberg Departs

Thomas A. Bradley has stepped into the role of chief executive officer of Argo Group International Holdings Ltd., the Bermuda-based specialty insurer. Bradley, who has served as Argo’s chairman since 2020, has been interim CEO since March 2022 when Kevin …

Argo Group Exploring ‘Strategic Alternatives,’ Including Potential Sale

Argo Group International Holdings Ltd., the Bermuda-based re/insurer, announced that its board of directors has initiated an exploration of strategic alternatives. As part of this process, the board will consider a wide range of options for the company including, among …

Argo Group CEO Rehnberg Takes Health Leave; Bradley Assumes Role for Interim

Kevin J. Rehnberg, chief executive officer of Argo Group International Holdings Ltd., announced on March 2, 2022 that he would be temporarily unable to perform his duties for health reasons. Effective March 3, 2022, Thomas A. Bradley, who served on …

Argo Group Completes Sale of Brazilian Business to Spice Private Equity

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of this transaction is another definitive step as Argo evolves …

Argo Announces Sale of ArgoGlobal SE as Group Focuses on U.S. Specialty Insurance

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance, announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Ltd. (part of the RiverStone International group), an acquirer and …

Argo Group Agrees to Sell Brazilian Business

Argo Group International Holdings Ltd., an underwriter of specialty insurance, announced an agreement to sell its Brazilian operations, Argo Seguros Brasil S.A. (Argo Brazil), to Spice Private Equity Ltd. (Spice PE), an investment company focused on global private equity investments, …