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Applied Surety Expands with Argo Acquisition
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Overview
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Applied Surety Underwriters, a part of Applied Underwriters, buys the bulk of Argo Surety's energy and mining surety operations. ASU will manage the acquired assets, while Argo will assist during the transition. The deal includes a 100% quota agreement between the parties.
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How might this acquisition impact the competitive dynamics in the surety sector?
In what ways could this move influence the strategies of other surety providers?
What challenges could arise during the transition period for both companies?
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