image credit: Pexels

Argo Announces Sale of ArgoGlobal SE as Group Focuses on U.S. Specialty Insurance

December 20, 2021


Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance, announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Ltd. (part of the RiverStone International group), an acquirer and reinsurer of legacy and discontinued insurance businesses.

“This sale supports our strategy to focus on U.S.-based specialty insurance risks,” said Andy Borst, interim president of international operations. ArgoGlobal SE business was primarily focused on insuring risks in Europe and has not been actively underwriting business since 2020.

Read More on Insurance Journal