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Argo Unit Alteris Buys Aris Title Insurance

Source: AP

Posted on 12 Nov 2010

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Specialty insurance underwriter Argo Group International Holdings Ltd. said Thursday that its Alteris Holding Company subsidiary bought Aris Title Insurance Corp., an underwriter of title insurance for art and collectibles. Financial terms were not disclosed.

Bermuda-based Argo said Aris, based in New York, would operate as a separate entity with its management team.

Argo CEO Mark E. Watson III said the purchase of Aris allowed his company to expand specialty operations to another industry that can't find services in the traditional insurance business.