Argo Group shareholders approve merger with Brookfield Reinsurance

Argo Group announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance to acquire Argo in an all-cash transaction valued at approximately $1.1 billion.

The merger remains subject to other customary closing conditions, including receipt of required regulatory approvals. Argo and Brookfield Reinsurance expect to complete the merger in the second half of 2023.