Pelican Ventures and J.C. Flowers’ Acquisition of Ariel Re


Paul, Weiss advised Argo Group International Holdings, Ltd. in the transaction.

Argo Group International Holdings, Ltd. completed the sale of its Lloyd’s of London reinsurance business, Ariel Re, to Pelican Ventures and J.C. Flowers & Co, both private equity investors with significant insurance expertise. The transaction is expected to close in 2020, subject to regulatory approvals.

Argo Group is an underwriter of specialty insurance and reinsurance products in the property and casualty market.

The Paul, Weiss team adviing Argo included corporate partner Adam Givertz (Picture); intellectual property partner Jonathan Ashtor and counsel Michael Kurzer; tax partner Scott Sontag; employee benefits partner Andrew Gaines and counsel Lisa Krausz Eisenberg; real estate partner Salvatore Gogliormella; litigation counsel Steven Herzog and Peter Jaffe; and international trade counsel Richard Elliott.

Involved fees earner: Jonathan Ashtor – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Adam Givertz – Paul Weiss Rifkind Wharton & Garrison; Salvatore Gogliormella – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Lisa Krausz Eisenberg – Paul Weiss Rifkind Wharton & Garrison; Michael Kurzer – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Argo Group International Holdings, Ltd.;

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Author: Ambrogio Visconti