Hannover Re boosts access to London market with Lloyd's agency purchase
German insurer Hannover Re has completed the acquisition of Lloyd's managing agent Argenta Holdings.
The company stated that through the acquisition, Hannover Re has gained additional access to international and London Market business.
The UK holding company Argenta owns Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd's syndicate Argenta Syndicate 2121.
The syndicate 2121 focuses on short-tail property business and specialty lines. In the 2016 financial year it booked gross premium of £280 million.
Hannover Re had announced an agreement to acquire the entire share capital of Argenta Holdings back in March.
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