Argo seeks £170mn Ariel RITC as it continues serial legacy deal strategy
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Argo seeks £170mn Ariel RITC as it continues serial legacy deal strategy

Adam McNestrie, 
Catrin Shi
August 16, 2022
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Argo is testing the market for a reinsurance to close (RITC) transaction for the run-off liabilities of Ariel Syndicate 1910, which it sold to Pelican and JC Flowers in 2020, this publication can reveal.

The potential deal relates to £170mn ($205mn) of reserves, and Gallagher Re is understood to be advising Argo.

Argo struck a deal with Pelican and JC Flowers which saw the new Ariel owners continue with a clean balance sheet for...

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