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19 March 2018

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Argo secures Ariscom deal

John Hewitt Jones 13 March 2018

ArgoGlobal has acquired Italian specialty insurer Ariscom as it seeks to expand its presence in southern Europe.

The acquisition comes after Argo received regulatory approval to buy the insurer, which is currently in state administration, for EUR20mn ($24.6mn).

According to Argo Group chief executive Mark Watson the deal will allow the carrier to bolster its insurance operations in Italy, Spain and Portugal.

"Ariscom provides an established platform that we can use to efficiently expand our presence in continental Europe,&quo...

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