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M&A Deal Summary

Argo Group Acquires Trident Public Risk Solutions

On December 31, 2001, Argo Group acquired insurance company Trident Public Risk Solutions

Acquisition Highlights
  • This is Argo Group’s 2nd transaction in the Insurance sector.
  • This is Argo Group’s 2nd transaction in the United States.
  • This is Argo Group’s 1st transaction in Texas.
Investment Fate
  • Trident Public Risk Solutions was divested to a consortium of strategic buyers in 2020.

M&A Deal Summary
Date 2001-12-31
Target Trident Public Risk Solutions
Sector Insurance
Buyer(s) Argo Group
Deal Type Add-on Acquisition

Target

Trident Public Risk Solutions

San Antonio, Texas, United States
Trident Public Risk Solutions provides insurance products and risk management solutions for public-sector entities such as counties, municipalities, schools, special districts, and governmental inter-local pools. Its product lines include general liability, automobile liability and physical damage, property, inland marine, crime, public officials’ liability, educators’ legal liability, employment practices liability, law enforcement liability, and umbrella liability. It operates through a distribution network of national brokerages and local agencies. Trident Public Risk Solutions was formed in 2000 and is based in San Antonio, Texas.

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Buyer(S) 1

Buyer

Argo Group

Pembroke, Bermuda
Category Company
Founded 1986
Sector Insurance
Employees1,206
Revenue 1.8B USD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 7
Sector: Insurance M&A 2 of 7
Type: Add-on Acquisition M&A Deals 2 of 7
State: Texas M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2001 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-27 Front Royal

Morrisville, North Carolina, United States

Front Royal, Inc. is an insurance holding-company, owns and operates specialty niche insurance underwriters with particular expertise in the excess & surplus lines market and workers' compensation for targeted types of businesses.

Buy $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-14 PXRE Group

Pembroke, Bermuda

PXRE Group Ltd. is a provider of reinsurance products and services to a worldwide marketplace. PXRE also provides marine, aviation and aerospace products and services.

Buy -
Mergr

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