M&A Deal Summary

Paragon Acquires Argo Group - Landscapers Program

On January 7, 2019, Paragon acquired insurance company Argo Group - Landscapers Program from Argo Group

Acquisition Highlights
  • This is Paragon’s 1st transaction in the Insurance sector.
  • This is Paragon’s 1st transaction in Bermuda.

M&A Deal Summary

Date 2019-01-07
Target Argo Group - Landscapers Program
Sector Insurance
Buyer(s) Paragon
Sellers(s) Argo Group
Deal Type Divestiture

Target

Argo Group - Landscapers Program

Pembroke, Bermuda
Argo Group - Landscapers Program is a provider of insurance services.

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Buyer(S) 1

Buyer

Paragon

Avon, Connecticut, United States

Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Paragon provides unique opportunities and solutions to retail agents, insurance carriers, reinsurers and vendor partners. Paragon was founded in 20154 and is based in Avon, Connecticut.


DEAL STATS #
Overall 3 of 4
Sector: Insurance M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: Bermuda M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 Paragon Insurance Holdings - Direct Retail Wine Industry Business

Avon, Connecticut, United States

Paragon Insurance Holdings - Direct Retail Wine Industry Business provides risk management and insurance services to wineries across the country.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 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.

Buy -

Seller(S) 1

SELLER

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 1 of 3
Sector: Insurance M&A 1 of 3
Type: Divestiture M&A Deals 1 of 3
Country: Bermuda M&A 1 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-13 Ariscom Compagnia di Assicurazioni

Rome, Italy

Ariscom Compagnia di Assicurazioni SpA is a specialty insurer. Ariscom Compagnia di Assicurazioni is based in Rome, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 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.

Sell -