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Applied Surety Underwriters acquires major portion of Argo Group's in-force businesses

Apr 04, 2024•over 1 year ago

Acquiring Company

Applied Underwriters

Acquired Company

Argo Group

OmahaNew YorkInsurance

Description

Applied Surety Underwriters, a subsidiary of Applied Underwriters' United Risk Division, has completed the acquisition of a major portion of Argo Group's in-force oil, gas, mining, and coal surety businesses. This acquisition expands Applied Surety Underwriters' market presence and strengthens their position in the industry.

Company Information

Company

Applied Underwriters

Location

Omaha, Nebraska, United States

About

Applied Underwriters® is a global risk services firm helping business and people manage uncertainty through its business services, insurance, and reinsurance solutions. As a company, we truly operate differently within our business sector. Every aspect of our products and services are managed under one roof. No outsourcing means we deliver the highest level of service for our customers. Applied Underwriters has one of the highest customer retention rates in the industry - a success directly attributed to our employees and their high level of commitment, hard work, and ambition.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed