Argo Group International Holdings, Inc, or Argo Group (NYSE: ARGO/PA; NYSE: ARGD), is a U.S.-based underwriter of specialty insurance products in the property and casualty market.[1]
It and its insurance subsidiaries are rated "A−" by Standard & Poor's. Argo's insurance subsidiaries are rated "A−" by AM Best. In 2017, the San Antonio Express News wrote that "the company has made more than $1 billion in profit over the last decade as a mid-sized player in a niche field insuring complex or hard-to-price risks other insurers won’t touch."[2] It was listed on the New York Stock Exchange in May 2018.[3]
On November 16, 2023, the firm was acquired by Brookfield Reinsurance for approximately $1.1 billion.[4]
^"AGII Company Profile". Archived from the original on 2015-04-02.
^Patrick Danner (May 19, 2017). "Who insured Princess Leia? Argo Group made more than $1B covering 'weird stuff'". San Antonio Express News. Retrieved May 18, 2018.
^"Global Insurer Argo Group Switches Exchange Listing to NYSE". Rivard Report. May 8, 2018. Retrieved May 18, 2018.
^"Brookfield Reinsurance Completes $1.1 Billion Acquisition of Argo Group". Business Wire. Retrieved 2023-12-11.
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US$ 1.89 billion (2020)
US$ 22.3 million (2020)