HANNOVER Re completes acquisition of Lloyd's syndicate

21 July 2017 — Daniela GHETU
The acquisition of the UK holding company ARGENTA Holdings Limited, first announced by HANNOVER Re back in March, was successfully completed and became effective on 20 July.

ARGENTA Holdings Limited 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.

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.

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