Argo Group International Holdings Ltd. Plans Major Reorganization to Streamline Property & Casualty Insurance Platform

Reuters
Aug 18
Argo Group International Holdings Ltd. Plans Major Reorganization to Streamline Property & Casualty Insurance Platform

Argo Group International Holdings Ltd. is undergoing a significant corporate reorganization to establish a unified property and casualty (P&C) insurance platform. This reorganization involves the transfer of American National Group Inc.'s existing P&C subsidiaries, including American National Property And Casualty Company, United Farm Family Insurance Company, and Farm Family Casualty Insurance Company, to Argo. Additionally, Farm Family Casualty Insurance Company will merge with Argonaut Insurance Company. The reorganization is contingent upon regulatory approvals and is anticipated to be completed by the end of the year. This move follows Argo's strategic plan to streamline operations and enhance its insurance offerings. However, no definitive agreement has been reached, leaving the timeline and terms subject to change.

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