Argo Completes Acquisition of Italian Specialty Insurer
Argo Group, an international underwriter of specialty insurance and reinsurance products, today announced it has acquired Italian specialty insurer Ariscom. Effective immediately, Matt Harris, head of ArgoGlobal’s European and Asian operations, will assume the role of Ariscom Managing Director.
“Ariscom provides an established platform that we can use to efficiently expand our presence in continental Europe. Italy is one of Europe’s largest and best-performing P&C insurance markets . We’re also eager to tap into Ariscom’s existing broker and client network throughout Italy, with longer-term opportunities to develop capabilities across Europe – particularly in Spain and Portugal” – Argo Group CEO, Mark E. Watson III.
In the coming months, ArgoGlobal will rebrand Ariscom to highlight the strength of the new combined organization. “Our international team has a great deal of expertise that will improve the effectiveness, efficiency and, ultimately, profitability of Ariscom. We are planning an aggressive re-launch strategy and intend to deploy some of the company’s proven digital solutions to enhance the value we provide to clients” – head of Argo Group’s International segment, Jose A. Hernandez.
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