AM Best puts Argo’s FSR under review after $1.1bn sale announced
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AM Best puts Argo’s FSR under review after $1.1bn sale announced

Marcel Le Gouais
February 13, 2023
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Argo Group logo absract financial.jpg

AM Best has placed Argo’s A- financial strength rating under review with developing implications, as well as its long-term credit ratings, shortly after the announcement of its agreed $1.1bn sale to Brookfield Re.

The ratings agency said the action reflects its need to fully assess the financial and operational effects of the acquisition on Argo Group’s rating fundamentals.

The

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