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.

Don't miss our monthly insurtech email newsletter - sign up today

Today’s stories

Markel taps US excess casualty lead from Ironshore

New ILS regulations will make UK "most competitive reinsurance hub" globally

IDF applauds steps to tackle under-insurance in developing economies

Chubb appoints new property manager for NA commercial

248% increase in insurtech funding in Q2 2017

Nexus Group expands into the Irish market

Florida insurance regulator appoints new chief of staff

Insurtech initiatives will lower property/casualty rates

SCOR appoints new chief executive officer of ReMark

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.