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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The ratings agency has placed under review with developing implications Argo’s A- financial strength ratings, as well as its credit ratings.
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The acquisitive broker booked $35.6mn of cash paid in the deal, along with a $106.9mn earnout payable, according to its 2022 10-K filed today with the SEC.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s news team runs you through the key M&A deals from the past week.
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Analysis of Argo’s valuation suggests this is a rich multiple when accounting for potential reserving noise.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The reinsurer said in its Q4 earnings call that Argo’s takeover further diversifies its operations and adds a foundational piece to its expanding P&C activity in the US.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Howden Tiger Capital Markets again has a mandate to find a buyer for Bermuda-based JRG Reinsurance Company.
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The transaction is expected to close in the first half of the year subject to closing conditions and regulatory approvals.
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The consideration represents a 48.7% premium to Argo’s share price before the sale of its Lloyd’s business.
