Westfield and Enstar Group completed the acquisition of the Lloyd’s Syndicate 1200 business of Argo Group for $125m.

Insurance services providers Westfield Insurance and Enstar Group, completed the acquisition of the Lloyd’s Syndicate 1200 business of Argo Group, a reinsurance services provider, for $125m. “As part of our review of strategic alternatives, we are taking decisive actions to optimize our operations and business structure, better positioning the company for continued profitable growth and returns in the US as we strive to maximize value for shareholders. We believe Westfield and our Lloyd’s team members are well positioned for future growth and success, and we thank the Argo employees within those business units for their dedication to improving operational results in recent periods," Tom Bradley, Argo Chairman and CEO.