secwatch.observer — SEC 8-K summary
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Issuer:     Argo Group International Holdings, Inc. (—)
CIK:        0001091748
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001104659-23-010486
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1091748/000110465923010486/0001104659-23-010486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1091748/000110465923010486/tm235426d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-010486

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer