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Argo Group Agrees to Sell Its Italian Business December 28, 2020 Perfuturo is fully owned by Philantra Holding AG – a green, technology and renewable energy specialist. Closing of the transaction is subject to regulatory approval and is expected to occur in early 2021. Financial details of the transaction were not disclosed. “We are confident that Perfuturo’s expertise and knowledge of the European market will allow AGA to thrive,” said Matt Harris, Argo Group head of international operations. “This transaction aligns with our strategy to simplify...

Argo Announces Sale Of Its Italian Business Argo Group International Holdings, Ltd. announced an agreement to sell its Italian operations , ArgoGlobal Assicurazioni S.p.A [AGA] to Perfuturo Capital AG. A spokesperson said, “Argo Group International Holdings, Ltd. [ARGO], an underwriter of specialty insurance products, today announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A [AGA] to Perfuturo Capital AG [Perfuturo], a Swiss Holding Company. “Perfuturo is fully owned by Philantra Holding AG – a green, technology and renewable energy specialist. Closing...

Argo Group International Holdings Ltd.: Argo Group Announces Sale of its Italian Business Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance products, today announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A ("AGA") to Perfuturo Capital AG ("Perfuturo"), a Swiss Holding Company. Perfuturo is fully owned by Philantra Holding AG a green, technology and renewable energy specialist. Closing of the transaction is subject to regulatory approval and is expected to occur in early 2021. "We are confident that Perfuturo's exper...