Ariel offers scale and complementary book: Argo

Buying Ariel will take Argo close to joining Lloyd's top 10
carriers by size and add a cohort of talented underwriters,
according to the New York-listed (re)insurer's management
team.
Earlier today this publication revealed that Argo was poised to
acquire 100 percent of Ariel, with the company subsequently issuing
a release confirming that it had struck a deal to buy the
Lloyd's (re)insurer for $235mn.
"The deal gives us scale both in our underwriting business in
Bermuda, as well as...