Hannover Rück SE
Hannover Rück SE: Hannover Re completes acquisition of Lloyd’s syndicate
DGAP-News: Hannover Rück SE / Key word(s): Takeover Press Release Hannover Re completes acquisition of Lloyd’s syndicate 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.
Please note the disclaimer:
21.07.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Hannover Rück SE |
Karl-Wiechert-Allee 50 | |
30625 Hannover | |
Germany | |
Phone: | +49-(0)511-5604-1500 |
Fax: | +49-(0)511-5604-1648 |
E-mail: | info@hannover-re.com |
Internet: | www.hannover-re.com |
ISIN: | DE0008402215 |
WKN: | 840 221 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxemburg |
End of News | DGAP News Service |