Argonaut Buys Coregis Group Renewal Rights

NU Online News Service, Nov. 11, 3:19 p.m. EST?Argonaut Group Inc. has reached an agreement to buy renewal rights and other assets of Chicago-based Coregis Group Inc., a public-entity insurer and a unit of Stamford, Conn.-based GE Capital.

The transaction is expected to help the San Antonio, Texas-based Argonaut Group expand its line of insurance products sold to governmental agencies–Argonaut said its public-entity insurance unit, Trident Insurance Services, will start offering policies to Coregis Group customers, agents and brokers. Further terms of the deal were not disclosed.

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