Modupe Gbadeyanka
By Modupe Gbadeyanka
Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, today announced it has closed the acquisition of Ariel Re, a global underwriter of insurance and reinsurance business.
Ariel Re was jointly owned by Banco BTG Pactual S.A. and the Abu Dhabi Investment Council. The company underwrites a global portfolio of insurance and reinsurance business through Lloyd’s Syndicate 1910.
Argo Group International Holdings is an international underwriter of specialty insurance and reinsurance products in the property and casualty market.
It offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200.
Argo Group’s insurance subsidiaries are A. M. Best-rated ‘A’ (Excellent) (fourth highest rating out of 16 rating classifications) with a stable outlook, and Argo’s U.S. insurance subsidiaries are Standard and Poor’s-rated ‘A-‘ (Strong) with a stable outlook. More information on Argo Group and its subsidiaries is available at www.argolimited.com.
