Reinsurance News

Argo Group agrees to sell P&C business to Mesa Underwriters

31st August 2021 - Author: Katie Baker

Argo Group International Holdings has entered into an agreement to sell the renewal rights of its contract binding property and casualty business to Mesa Underwriters Specialty Insurance Company (MUSIC), the excess and surplus lines subsidiary of Selective Insurance Group.

argo globalAs a part of the transaction, the Argo contract binding team will have the option to join MUSIC and continue to serve this market.

Argo Group will continue to honour and service all policies currently in force.

Marsh Duncan, Argo Group, president, excess and surplus commented: “This transaction supports the company’s strategy to simplify the business.

“We are pleased to have reached an agreement that provides a smooth transition for our brokers and insureds.”

Jeff Kamrowski, executive vice president, MUSIC commented: “Expanding our contract binding book of business is a natural evolution of our growth strategy, further ensuring MUSIC’s continued success.

“We are dedicated to our specialty insurance customers and are excited for the opportunity to offer our customised insurance solutions, stellar customer service, and superior claims handling to new contract binding accounts at renewal.

“This opportunity and trust that Argo places in MUSIC underscores our strong reputation and solid performance in the marketplace.”

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