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.
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
Judge Says Smucker’s Lawsuit Against Trader Joe’s Over Frozen PB&J Can Proceed 
‘Cockroaches in My Food’ Claim Leads to Insurance Fraud Charge 
Florida Bans Flock Cameras, License Plate Readers From State Roads 
