The Bermuda-based Argo Group International Holdings, Ltd. announced that all conditions of its acquisition of Heritage Underwriting Agency plc. have been satisfied or waived and, as a result, its offer is wholly unconditional and the transaction has been effectively completed.
Argo announced its offer for the Lloyd’s agency in April (See IJ web site – https://www.insurancejournal.com/news/international/2008/04/03/88803.htm).
Argo’s President and CEO Mark E. Watson III, expressed his pleasure at the closing and indicated that the “acquisition of Heritage is an important step in our evolution as a leading international specialty underwriter and one that brings with it increased opportunities for product and market growth and development and profitable returns for our shareholders, clients and employees.”
Source: Argo Group – www.argolimited.com
Was this article valuable?
Here are more articles you may enjoy.
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry 
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges 
Poorer Americans Dropped Federal Flood Insurance When Rates Rose 
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order 
