Argo Group Announces Closing of Lloyd’s Syndicate 1200 Transaction
02 Februar 2023 - 10:09PM
Business Wire
Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo”)
today announced the completion of its previously announced sale of
Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 to
Westfield.
“We are pleased to complete this transaction,” said Thomas A.
Bradley, Argo’s executive chairman and chief executive officer. “We
thank our Lloyd’s team members for their work and dedication to our
business over the years, and we are confident they will have a
bright future ahead with Westfield.”
Goldman Sachs & Co. LLC served as financial advisor and
Skadden, Arps, Slate, Meagher & Flom LLP served as legal
counsel to Argo.
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NYSE: ARGO) is a U.S.
focused underwriter of specialty insurance products in the property
and casualty market. Argo offers a full line of products and
services designed to meet the unique coverage and claims-handling
needs of businesses. Argo and its insurance subsidiaries are rated
‘A-’ by Standard and Poor’s. Argo’s insurance subsidiaries are
rated ‘A-’ by A.M. Best. More information on Argo and its
subsidiaries is available at www.argogroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230131006072/en/
Investors: Andrew Hersom Head of Investor Relations
860-970-5845 andrew.hersom@argogroupus.com
Gregory Charpentier AVP, Investor Relations and Corporate
Finance 978-387-4150 gregory.charpentier@argogroupus.com
Media: David Snowden Senior Vice President, Group
Communications 210-321-2104 david.snowden@argogroupus.com
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