Argo Group Announces Closing of Lloyd’s Syndicate 1200 Transaction

Argo Group International Holdings, Ltd. announced the completion of its previously announced sale of Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 to Westfield.

“We are pleased to complete this transaction,” said Thomas A. Bradley, Argo’s executive chairman and chief executive officer. “We thank our Lloyd’s team members for their work and dedication to our business over the years, and we are confident they will have a bright future ahead with Westfield.”

Goldman Sachs & Co. LLC served as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Argo.