Argo shareholders approve proposed merger with Brookfield Reinsurance

Argo Group International (ARGO) announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. (BNRE) to acquire Argo in an all-cash transaction valued at approximately $1.1B. 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.