Hannover Re completes acquisition of Lloyd's syndicate

The acquisition of the UK holding company Argenta Holdings Limited was successfully completed yesterday.

Hannover, 21 July 2017: The acquisition of the UK holding company Argenta Holdings Limited, which owns the companies Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121, was successfully completed yesterday. Hannover Re had announced an agreement to acquire Argenta Holdings back in March.

The acquisition is effective 20 July 2017.

By making this acquisition Hannover Re has gained additional access to international and London Market business while at the same time supporting Argenta in its future growth strategy. Syndicate 2121 booked gross written premium of GBP 280 million for the 2016 financial year.

Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property & casualty and life & health reinsurance and is present worldwide with more than 3,500 staff. German business of the Hannover Re Group is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".

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