Hannover Re strikes deal to acquire Argenta

Hannover Re has signed a deal to acquire Lloyd's managing agent
Argenta following a protracted sales process, according to
statements from the companies today.
Argenta, which is 45 percent owned by businessman Alasdair
Locke, was put up for sale in September, with final round bids
submitted in mid-January.
Bidders included Hannover Re, Matt Fairfield's start-up Exin
and Taiping Re, the non-life reinsurance arm of life giant China
Taiping.
Exin and Taiping are both believed to have submitted high