Enstar purchases 3.4% stake in Argo prior to potential sale disclosure
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Enstar purchases 3.4% stake in Argo prior to potential sale disclosure

Luke Harrison
May 09, 2022
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Argo Enstar logos finance abstract.jpg

Enstar has purchased a 3.4% stake in Argo, ahead of the Bermudian’s announcement it was exploring strategic alternatives, in a move that makes the legacy carrier Argo’s ninth largest shareholder.

Enstar disclosed the $49mn stake last week through a 13F announcement, which detailed its first-quarter investment activity.

Enstar has a track record of making strategic investments in (re)insurance businesses that it thinks are undervalued, and where there is a likelihood...

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News M&A Argo
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Luke Harrison
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