Argo Group Closes Ariel Re Acquisition
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, 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.
