Argo secures Ariscom deal

ArgoGlobal has acquired Italian specialty insurer Ariscom as it
seeks to expand its presence in southern Europe.
The acquisition comes after Argoreceived regulatory approval to buy the insurer, which is
currently in state administration, for EUR20mn ($24.6mn).
According to Argo Group chief executive Mark Watson the deal
will allow the carrier to bolster its insurance operations in
Italy, Spain and Portugal.
"Ariscom provides an established platform that we can use
to efficiently expand our prese