Reinsurance News

Argo to sell Italian operations to Swiss holding company Perfuturo

24th December 2020 - Author: Charlie Wood

Specialty insurer Argo Group has agreed to sell its Italian operations to Perfuturo Capital, a Swiss Holding Company.

argo globalPerfuturo’s purchase of of ArgoGlobal Assicurazioni S.p.A is subject to regulatory approval and expected to occur in early 2021.

“We are confident that Perfuturo’s expertise and knowledge of the European market will allow AGA to thrive,” said Matt Harris, Argo Group head of international operations.

“This transaction aligns with our strategy to simplify the business and streamline operations.

“Argo Group will continue to focus on specialty insurance lines of business that we expect will result in profitable growth and improved shareholder value.”


Perfuturo’s Chief Executive Officer Stephan Kochem added “Perfuturo is excited to be investing in AGA and bringing on board talented professionals with unparalleled insurance market expertise and knowledge of the Italian market.”

“With the financial strength and European experience of our group, we will pursue our ambition of building a world-class insurance business in Italy.”


Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Oceanview Re enters $1bn fixed annuity reserves transaction

Oceanview Reinsurance Ltd., a recently established life reinsurer based in Bermuda, has entered into a transaction to assume approximately $1...