Camellia-backed BF&M, a company that provides property, casualty, auto, marine, group health, life insurance, as well as pensions, agreed to merge with Argus Group, an insurance company, in a $125m deal. “We are thrilled to announce an agreement to form a new insurance company with tremendous talent, superior products, additional resources, unmatched dedication to customer service, and the ability to deliver stronger returns to shareholders. This proposed combination would meaningfully accelerate our progress across BF&M’s three strategic pillars – growth, efficiency, and service – and better position both organisations to navigate the rapidly evolving insurance landscape as one unified enterprise," Abigail Clifford, BF&M President and Chief Executive Officer.