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Brookfield Reinsurance To Acquire Argo In $1.1 Billion Transaction

PRIVATEFeb 08, 2023

Acquiring Company

Brookfield Reinsurance

Acquired Company

Argo

New YorkLondonFinancial ServicesFinanceMobile

Description

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 acquire Argo in an all-cash transaction valued at approximately $1.1 billion.

Quick answer

Brookfield Reinsurance is acquiring Argo for $1.1 billion, announced February 8, 2023. Brookfield Reinsurance is based in New York, New York, United States.

How much did Brookfield Reinsurance pay for Argo?
The reported deal value is $1.1 billion.
What does Brookfield Reinsurance do?
Brookfield Reinsurance Ltd. operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions.
Where are Brookfield Reinsurance and Argo based?
Brookfield Reinsurance is based in New York, New York, United States. Argo is based in London, England, United Kingdom.
Who are the decision-makers at Brookfield Reinsurance?
Fundz holds 1 contact at Brookfield Reinsurance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Brookfield Reinsurance

Location

New York, New York, United States

About

Brookfield Reinsurance Ltd. operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions. Each class A exchangeable limited voting share and each class A-1 exchangeable non-voting share of Brookfield Reinsurance are exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation.

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Frequently asked

Who acquired Argo?

Argo was acquired by Brookfield Reinsurance, based in New York. The deal was reported on February 8, 2023. Brookfield Reinsurance Ltd. operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions. Brookfield Reinsurance is privately held and operates in Financial Services.

When did Brookfield Reinsurance acquire Argo?

Brookfield Reinsurance's acquisition of Argo was reported on February 8, 2023. Brookfield Reinsurance (NYSE, TSX:BNRE) and Argo Group International Holdings, Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Argo do?

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. It is privately held, operating in Mobile, and is based in London.

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