Argo Group - M&A Summary, Ownership, and Business Overview

InsuranceCompany

Argo Group M&A Summary

Argo Group has acquired 8 companies of its own. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Argo Group’s largest acquisition to date was in 2008, when it acquired Heritage Underwriting Agency for $272M. Argo Group has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include insurance (100%).

Argo Group Ownership

Who owns Argo Group?

Argo Group is owned by Brookfield Reinsurance. It was acquired on November 16, 2023.

Was Argo Group formerly PE-backed?

Yes. Argo Group was formerly owned by 1 private investor.

Argo Group Business Overview

Where is Argo Group headquartered?

Argo Group is headquartered in Pembroke, Bermuda.

What is Argo Group’s revenue?

Argo Group disclosed revenue of 1,761M USD for 2022 and 2,131M USD for 2021.

How many employees does Argo Group have?

Argo Group has 1,206 employees.

What sector is Argo Group in?

Argo Group is an insurance company.

When was Argo Group founded?

Argo Group was founded in 1986.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 4
  • M&A Advisors 6

Argo Group

Argo Group International Holdings, Ltd.

110 Pitts Bay Road,
Pembroke, HM 08
Bermuda,
(441) 296-5858
www.argolimited.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $672M $672M
Sell (0.4/yr) # 1 2 - - - - 3
  10

Most Recent M&A

Company Date Value Type
Ariel Re Ltd. 2020-11-02 - Divestiture
Hamilton, Bermuda · www.arielre.com
Trident Public Risk Solutions 2020-05-04 - Divestiture
San Antonio, Texas · www.tridentinsurance.net
Argo Group - Landscapers Program 2019-01-07 - Divestiture
Pembroke, Bermuda
Ariscom Compagnia di Assicurazioni SpA 2018-03-13 - Add-on Acquisition
Rome, Italy · www.ariscom.it
Ariel Re Ltd. 2016-11-14 235M USD Add-on Acquisition
Hamilton, Bermuda · www.arielre.com
Insight Insurance Services, Inc. 2008-09-29 - Add-on Acquisition
Geneva, Illinois · www.insightinsurance.com
Heritage Underwriting Agency, Plc 2008-04-02 272M USD Add-on Acquisition
London, United Kingdom · www.heritage-plc.com
PXRE Group Ltd. 2007-03-14 - Add-on Acquisition
Pembroke, Bermuda
Trident Public Risk Solutions 2001-12-31 - Add-on Acquisition
San Antonio, Texas · www.tridentinsurance.net
Front Royal, Inc. 2001-08-27 165M USD Add-on Acquisition
Morrisville, North Carolina
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Argo Group US, Inc.    - OneBeacon Insurance Group Ltd. - Professional Liability (LPL) 2014-12-16 1
San Antonio, Texas Hamilton, Bermuda

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 7 (100%) 672M (100%) 3 (100%) -
Total 7 $672M 3 -

By Geo

State/Country Buy Value Sell Value
Bermuda 2 235M 2 -
United States 3 165M 1 -
  Texas 1 - 1 -
  North Carolina 1 165M - -
  Illinois 1 - - -
Italy 1 - - -
United Kingdom 1 272M - -
Domestic 2 (29%) 235M (35%) 2 (67%) -
Cross-border 5 (71%) 437M (65%) 1 (33%) -
Total 7 $672M 3 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Aon Securities Corp.
 1
HSBC Global Banking and Markets
 1
Legal Deals
Dewey & LeBoeuf LLP
 1
Willkie Farr & Gallagher
 1
Mayer Brown
 1

Deal Values

buy # Total
$100M to $1B 3 $672M
TOTAL $672M
Largest Heritage Underwriting Agency, Plc
$272M (2008-04-02)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Insurance

Revenue

1,761   18% 2022
2,131   14% 2021
1,876   5% 2020
1,973   2019
1,518   3% 2014
1,475   11% 2013
1,331   2012
(millions of USD) Show More Show Less

Employees

1,206

Established

1986

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