Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we're bound by a common mission and purpose: One Ascot. com fax is 303-773-7378 Argoprolossruns@argoprous.com . The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein or elsewhere, including the risk factors included in Argos most recent Annual Report on Form 10-K and Form 10-K/A, and Quarterly Report on Form 10-Q, Brookfield Reinsurances Form 20-F and other documents of Argo or Brookfield Reinsurance on file with, or furnished to, the SEC. Argo announced earlier this month that following the messy departure of Watson, which came after the SEC announced an internal review of Argo over compensation practices for its executives, Kevin Rehnberg would take over as CEO of the global re/insurer. This press release may include, and Argo and Brookfield Reinsurance may make related oral, forward-looking statements which reflect Argos or Brookfield Reinsurances current views with respect to future events and financial performance. We will treat your information with respect. Markel. Agents & Brokers. Prior to joining Argo, Eccles was the active underwriter for Travelers Syndicate 5000. Claims: 833-240-4128, Toll-free: 800-837-9062 Vice President - ERM. John has over 18 years' experience in the London and Lloyd's of London market. | Source: 210-321-2104. Everest is a global underwriting leader providing best-in-class property, casualty and specialty reinsurance and insurance solutions that address customers' most pressing challenges. We reserve the right to block IP addresses that submit excessive requests. Prior to his Chief Underwriting Officer and Active Underwriter role for Syndicate 1200 John was the Head of Speciality and has extensive experience as an Accident & Health Class Underwriter. Chicago, IL, US LEARN MORE New York City, NY, US LEARN MORE Adam McNestrie 10 October 2022 Argo has indicated to potential suitors that it would be open to all-paper merger deals as part of its rebooted strategic process, this publication understands. More information on Argo and its subsidiaries is available at www.argogroup.com. Westfield is a leading U.S.-based property and casualty insurance company that underwrites commercial, personal, surety, and specialty lines of coverage. SVP Underwriting, Head of Inland Marine, Ashley Heline By using this site, you are agreeing to security monitoring and auditing. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Our experienced and talented leadership team helps ensure a successful future for our business partners and employees. The deal illustrates Sidley's continued leadership in UK and European insurance M&A, and the firm's ability to help clients based around the world to access the Lloyd's and international markets. W. R . Our products help power the businesses driving the world economy. Argo has said its board of directors has begun to explore 'strategic alternatives' including a potential sale, merger, or other strategic transaction. There was an error with your form and we have contacted an administrator. New Guardrails on Fla. 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Admitted and non-admitted garage products through wholesale general agents Wide range of auto dealer and service operations VIEW Create a safe work culture with expert help in every step of the process from underwriting to claims. Langdon will report to Gordon Browne, global head of Energy . A Three-Part Class on Risk Transfer, Part 1. The merger consideration perArgo common sharerepresents a6.7% premium toArgosclosingshare price on February 7, 2023, and a48.7% premium overArgosclosingshare price on September 7, 2022, the last full trading day prior to Argo announcing the sale of Argo Underwriting Agency Limited and its Lloyds Syndicate 1200 and the continuation of its strategic alternatives review process. Please declare your traffic by updating your user agent to include company specific information. We consider primary and excess opportunities. A more complete description will be available in the proxy statement on Schedule 14A that will be filed with the SEC in connection with the proposed transaction. About Brookfield ReinsuranceBrookfield Reinsurance Ltd. (NYSE, TSX: BNRE) operates a leading financial services business providing capital-based solutions to the insurance industry. Our focus is specialty insurance. Each class A exchangeable limited voting share of Brookfield Reinsurance is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation. Collaborative. Argo Insurance. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. We tailor our insurance products to fit our clients individual needs. Argo, Brookfield Reinsurance and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Argos shareholders in connection with the proposed transaction. Argo Group offers creative solutions to unique challenges. 28th April 2022 - Author: Pete Carvill. INVESTORS IN AND SECURITY HOLDERS OF ARGO ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR WILL BE FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. We. Excess Surplus Phone: 441-296-5858Fax: Information regarding Brookfield Reinsurances directors and executive officers is contained in Brookfield Reinsurances Form 20-F filed on March 23, 2022. If you are looking for direct access to an insurance professional, excellent service and a company you can trust, Argo is your new home for insurance. Phone: 480-481-3500 For more information, please visit our website at bnre.brookfield.com. Additional Information about the Proposed Transaction and Where to Find ItIn connection with the proposed transaction, Argo will file with the SEC a proxy statement on Schedule 14A and Argo or Brookfield Reinsurance may file or furnish other documents with the SEC regarding the proposed transaction. London, United Kingdom. Whether youre a broker, an investor or a policyholder, Argo has you covered. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. February 3, 2023 Email This Subscribe to Newsletter Westfield has completed the acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125. Discover how Argo empowers everyone to achieve more, together. Argo undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by the federal securities laws. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. Eccles will report to Peter Bilsby, global head of Specialty, and will be based in London. As part of the agreement, each issued and outstanding Argocommon share will be converted into the right to receive$30.00 in cash at closing of the merger, funded by existing cash on hand and liquidity available to Brookfield Reinsurance. Loss Run. Now writing specialty insurance in the Lloyd's of London market, Westfield Specialty is well-positioned to offer brokers, agents, and clients greater access to Westfield's expertise and product solutions. Optio Group is a leading specialty MGA focused on emerging insurance risks bringing together technology and market leading underwriting capabilities. SVP, Group Communications Fax: 210-377-2637 Argos insurance subsidiaries are rated A- by A.M. Best. Insurance Insider is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730, Book a call with a member of the team to discuss your subscription options, Reinsurers keep cards close on cyber war stance at 1.7 renewals, R&Q to appoint Scopia's Lande as non-executive director, Helvetia to exit coal market as part of new climate strategy, Arklie set to leave Lloyd's as cyber role deemed redundant, Reinsurance capital rebounds $30bn in Q1: Aon, The Week in 90 Seconds: Bermuda Climate Summit;Ukraine insurance pool; Casualty reinsurance, Discover things you shouldn't even know yet. February 08, 2023 08:29 ET Brookfield Reinsurance Ltd.; Argo Group International Holdings, Ltd. BROOKFIELD, NEWS, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX:BNRE) and Argo Group International Holdings, Ltd. (Argo) (NYSE: ARGO) today announced they have entered into a definitive merger agreement whereby Brookfield Reinsurance will acquireArgoin an all-cash transaction valued at approximately$1.1 billion. Financial Controller - #London. Apply today! ArgoGlobal provides coverage for general and specialist medical exposures for individual professionals, such as non-surgical medical practitioners, complementary/alternative practitioners; including clinic and corporate risks. 01 September 2022 Westfield Specialty is in advanced negotiations to buy Argo's 600mn-GWP Lloyd's business, as the New York-listed firm's strategic review evolves from the group-level sale. Argo intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the Private Securities Litigation Reform Act of 1995. Topics We are here to drive innovation in insurance to manage risk more effectively. Phone: 814-926-4661 in 2015 and has more than 38 years in underwriting and held leading roles in Syndicates 488 and 2488 at Lloyd's of London. He will start his new role in December this year. As an underwriter of specialty insurance products in the property and casualty market, Argo Group and its subsidiaries help businesses stay in business. 441-296-6162[emailprotected]. Before joining the company in 2020, he was President and CEO of Everest Insurance and Executive Vice President of Everest Re Group, Ltd. Argo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness and opportunity. Exhibit 99.1 . Aspen. Specialized. ArgoGlobal writes a worldwide book of construction projects associated with the energy exploration and production industry. THE ARGO DIFFERENCE Specialized. Westfield Expands Into International Specialty Insurance Business With Purchase of Lloyd's of London Syndicate 1200 From Argo Group September 08, 2022 09:25 AM Eastern Daylight Time Under the terms of the merger agreement, Argo has agreed to suspend the payment of dividends on its common shares through the closing of the transaction. which is why Argo Marine flexes to fit the unique needs of each policyholder. No two insureds are the same, which is why Argo Marine flexes to fit the unique needs of each policyholder. For further information regarding the definitive merger agreement, please see Argos current report on Form 8-K, which will be filed with theU.S. Securities and Exchange Commission (the SEC)and will contain a summary of the material terms and conditions of the merger agreement, as well as a copy of the merger agreement. [emailprotected] Fax: 441-296-6162441-296-6162, Andrew Hersom We protect individuals from unexpected expenses related to sickness, accidental injury or accidental death. Westfield Specialty (International) | 7,165 followers on LinkedIn. Our underwriting staff is built on the pillars of flexibility, knowledge and creativity exactly the features required to ensure the smartest approach to each client risk. Insurance Insider is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y . As a key member of the specialty leadership team, Eccles will be responsible for setting and driving business strategy for global aerospace and ensuring underwriting excellence across the product line. Brookfield Reinsurance Ltd.; Argo Group International Holdings, Ltd. [emailprotected] The board also announced the postponement of Argo's 2022 annual general meeting of shareholders until the second half of this year. Brookfield Reinsurance Ltd.; Argo Group International Holdings, Ltd. Loss Run. Please feel free to ask our agents about any of our products. American Stock Transfer & Trust October 4, 2021 Argo Group International Holdings Ltd., an underwriter of specialty insurance, announced an agreement to sell its Brazilian operations, Argo Seguros Brasil S.A. (Argo. Through organic growth and acquisitions of strong, specialized insurance companies, weve become a leader in the specialty insurance marketplace. Fax: 480-481-3535 The downgrade also reflects the company's recently announced fourth-quarter results, which included an operating loss and a combined ratio . Communications & Media Brookfield Reinsurance:Kerrie McHughTel: (212) 618-3469Email: kerrie.mchugh@brookfield.com, Investor Relations Brookfield Reinsurance:Rachel PowellTel: (416) 956-5141Email: rachel.powell@brookfield.com, Communications & Media Argo:David SnowdenTel: (210) 321-2104Email: david.snowden@argogroupus.com, Investor Relations Argo:Andrew HersomTel: (860) 970-5845Email: andrew.hersom@argogroupus.com, Gregory CharpentierTel: (978) 387-4150Email: gregory.charpentier@argogroupus.com, Cautionary Note Regarding Forward-Looking Statements. Brooklyn,NY11219 Loss Run. HAMILTON, Bermuda, September 08, 2022--Argo Group Announces Sale of Lloyd's Syndicate 1200 to Westfield
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