---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-010486"
form_type: "8-K"
ticker: null
cik: "0001091748"
company_name: "Argo Group International Holdings, Inc."
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T00:49:30.268250+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Argo closes sale of Lloyd's Syndicate 1200 to Westfield for ~$125M cash

## Summary
- Completed sale of Argo Underwriting Agency Limited and Lloyd's Syndicate 1200 to Ohio Farmers Insurance (Westfield).
- Received ~$125M in cash proceeds at closing; additional ~$30.5M placed in escrow for reinsurance recoverables.
- Escrow may be released to Argo over two years; remaining balance after two years returned to buyer.
- Transaction originally announced Sept. 2022; Goldman Sachs and Skadden acted as advisors.

## SEC filing metadata
- accession: 0001104659-23-010486
- form_type: 8-K
- cik: 0001091748
- company_name: Argo Group International Holdings, Inc.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1091748/000110465923010486/0001104659-23-010486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1091748/000110465923010486/tm235426d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-010486
- JSON: https://secwatch.observer/filing/0001104659-23-010486.json
- Plain text: https://secwatch.observer/filing/0001104659-23-010486.txt

## Key facts
- M&A Transactions
  Argo Group International Holdings, Inc. completed a disposition involving Ohio Farmers Insurance Company for approximately $125,000,000 (closed 2023-02-02).
  - Action: disposition
  - Counterparty: Ohio Farmers Insurance Company
  - Consideration: approximately $125,000,000
  - Closing: 2023-02-02
  source text: for the fiscal year ended December 31, 2022 to be filed with the Securities and Exchange Commission. At the closing of the AUA Sale, AIHL received cash proceeds of approximately $125,000,000. An additional amount of approximately $30,500,000 was placed in escrow by Ohio Farmers related to certain reinsurance-related recoverables, which may be released to AIHL over a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1091748/000110465923010486/0001104659-23-010486-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.