Argo Group News

Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200

Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this strategic acquisition establishes the company as a global …

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. …

Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate

Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is expected to close during the first half of 2023 pending regulatory approval. …

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 …

Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights

Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo’s shared and layered property business, which underwrites catastrophic-focused excess and surplus property …

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, …