ARGO LAUNCHES STRATEGIC REVIEW

The board of Bermudian re/insurer Argo Group has launched an exploration into strategic alternatives for the company, including a potential sale, merger or other transaction. Argo chairman, Thomas Bradley, said the board now believes it “is an opportune time to explore a range of potential strategic alternatives to maximise shareholder value”. In making the announcement, Argo’s board also postponed its 2022 annual general meeting (AGM) of shareholders until the second half of the year, saying it was in the best interest of shareholders to conduct the strategic review before the AGM. Argo has retained Goldman Sachs as financial adviser and Skadden, Arps, Slate, Meagher & Flom as legal counsel to assist in the review.