Argo Group to sell Ariel Re to Pelican Ventures and J.C. Flowers
Argo Group International, an underwriter of specialty insurance and reinsurance products, has agreed to divest Ariel Re, its reinsurance business, to private equity investors Pelican Ventures and J.C. Flowers & Co. The financial terms of the deal were not disclosed. Kevin J. Rehnberg – Argo Group International CEO said: “Ariel Re is well known in […]