M&A Deal Summary

Brookfield Reinsurance Acquires Argo Group

On November 16, 2023, Brookfield Reinsurance acquired insurance company Argo Group for 1.1B USD

Acquisition Highlights
  • This is Brookfield Reinsurance’s 2nd transaction in the Insurance sector.
  • This is Brookfield Reinsurance’s 2nd largest (disclosed) transaction.
  • This is Brookfield Reinsurance’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2023-11-16
Target Argo Group
Sector Insurance
Buyer(s) Brookfield Reinsurance
Deal Type Add-on Acquisition
Deal Value 1.1B USD
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Argo Group

Pembroke, Bermuda
website
Argo Group offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group was founded in 1986 and is based in Pembroke, Bermuda.

Search 193,092 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Brookfield Reinsurance

Pembroke, Bermuda

website

Category Company
Sector Insurance
Employees65
Revenue 7.3B USD (2021)
DESCRIPTION

Brookfield Reinsurance provides capital solutions for insurance and reinsurance companies, and pension risk transfer products for Canadian pension plan sponsors. Brookfield Reinsurance is based in Pembroke, Bermuda.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Bermuda) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 American National

Galveston, Texas, United States

American National is an operator of a group of companies writing a broad array of insurance products and services and operating in all 50 states. American National was founded in 1905 and is based in Galveston, Texas.

Buy $5.1B
Mergr

Product

Company

Legal