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Argo Group acquires Italian specialty insurer

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Argo Group acquires Italian specialty insurer

Argo Group International Holdings Ltd. has acquired Italian specialty insurer Ariscom to boost its presence in continental Europe.

Matt Harris, head of ArgoGlobal's European and Asian operations, will assume the role of Ariscom managing director, effective immediately.

ArgoGlobal will rebrand Ariscom in the next few months, the company said.

"We are planning an aggressive re-launch strategy and intend to deploy some of the company's proven digital solutions to enhance the value we provide to clients," Jose Hernandez, head of Argo Group's international segment, said in a statement.