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New Deal


Announced

Completed

Brookfield Reinsurance completed the acquisition of Argo for $1.1bn.

Financials

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Transaction Value£914m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium6.7%
One Off Charge-

Tags

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Acquisition

Full Line Insurance

insurance services

underwriter

financial services

Bermuda

Majority

Single Bidder

Friendly

Domestic

Public

Completed

Synopsis

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Brookfield Reinsurance, a financial services business providing capital-based solutions to the insurance industry, completed the acquisition of Argo, a focused underwriter of specialty insurance products, for $1.1bn. "The acquisition of Argo represents another milestone in the continued expansion of our insurance solutions business. Argo’s leading US specialty platform adds a foundational piece to our expanding US P&C operations. We look forward to partnering with the Argo team to support the growth of its core businesses, build on its strong franchise, and deliver value for policyholders,” Sachin Shah, Brookfield Reinsurance CEO.

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