Reinsurance News
13th April 2018
Argo Group International Holdings has announced the appointment of Giovanni Tucci as Managing Director of the recently acquired Ariscom. Tucci will lead the Italian specialty insurer, which was purchased by Argo in March 2018, from April 30th and will report to Matt Harris, Head of Europe, Middle East and Asia ... Read the full article
12th April 2018
Lloyd's of London insurer and member of Argo Group, ArgoGlobal, has named Paul Blunden as medical class underwriter, effective immediately. In his new role, Blunden will report to ArgoGlobal's Head of Specialty, John Moffatt, and joins the firm from Tokio Marine Kiln where he was most recently medical underwriter. While at ... Read the full article
23rd March 2018
Argo Insurance Bermuda, a global underwriter of specialty re/insurance products, has announced the launch of a new wage and hour (W&H) liability insurance product for the U.S market. The new offering will provide employers with defence and indemnity liability coverage for violations of the Fair Labor Standards Act, and will compensate ... Read the full article
15th March 2018
ArgoGlobal has strengthened its casualty division with two key hires, naming Geoffrey Bull as casualty treaty underwriter and Jaime Garcia-Anton Lopez as professional indemnity (PI) underwriter, effective immediately. Bull will report to Stuart Dale, international casualty treaty class underwriter, and Garcia-Anton Lopez will report to James McPartland, PI class underwriter. Ryan Barnes, ... Read the full article
13th March 2018
Global specialty insurer and reinsurer, Argo Group International Holdings, Ltd., has announced the acquisition of Ariscom, an Italian specialty insurer. As part of the transactions, and effective immediately, Matt Harris, Head of ArgoGlobal's European and Asian operations, will take on the role of Ariscom Managing Director. Mark E. Watson III, Argo Group's ... Read the full article
5th March 2018
ArgoGlobal, a division of Argo Group, has announced the appointment of Veronica Grigg as senior executive officer for ArgoGlobal Asia, set to take up her role in the firm's Singapore office in April, subject to regulatory approval. Grigg is an industry veteran with over 25 years of industry experience in the Asia ... Read the full article
1st March 2018
Swiss Re and Argo backed cyber insurer Coalition has raised $10 million in Series A funding from leading technology investors including Vy Capital, Ribbit Capital, Valor Equity Partners, Sam Altman (President, Y Combinator), and Deep Nishar (Senior Managing Director, Softbank Vision Fund). Proceeds from the funding will be used to grow Coalition’s ... Read the full article
27th February 2018
Argo Pro, a division of Argo Group, has announced a partnership with leading digital-insurance-solutions provider, eBaoTech Corporation, to streamline and modernise Argo Pro’s core insurance processes. Argo Pro will use eBaoTech’s platform to integrate policy administration, claims handling, billing and sales-channel administration, to enhance Argo Pro's management liability products that can ... Read the full article
12th February 2018
Lloyd's of London insurer and member of Argo Group, ArgoGlobal, has announced the launch of the first Lloyd's Market consortium for motor treaty business, which was supported by Barbican Insurance Group. The consortium, which was led by ArgoGlobal, was launched in time for the January 1st, 2018 renewals, and enables carriers ... Read the full article
24th January 2018
Argo Group International Holdings, Ltd. has announced a preliminary pre-tax catastrophe loss estimate of between $34 million and $38 million for the fourth-quarter of 2017, driven primarily by the California wildfires. The $34 million to $38 million range is net of ceded reinsurance recoverables, reinstatement premiums and expected profit commissions, and ... Read the full article
16th January 2018
The role of the Chief Risk Officer (CRO) has rapidly evolved in both scope and importance in the years since the financial crisis to now play a more centric role in shaping business strategy, according to a joint paper by the Lloyd's Market Association’s (LMA) Chief Risk Officer Committee and ... Read the full article
15th January 2018
Specialty re/insurer Argo Group International has announced the sixth consecutive renewal of its Harambee Re sidecar reinsurance vehicle for 2018. Launched in 2013, Argo said the sidecar continues the firm's "successful track record of building relationships with third-party capital providers to support the company’s growing insurance and reinsurance portfolios." Argo Group Chief ... Read the full article
6th December 2017
Cyber risk insurance solution provider Coalition launched today with its cyber solutions backed by capacity from Swiss Re Corporate Solutions and Argo Group. Coalition was co-founded by technology entrepreneurs Joshua Motta and John Hering, and provides a full range of cybersecurity products for small to midsize businesses (SMBs) as well as comprehensive ... Read the full article
24th November 2017
Small-medium sized enterprises (SMEs) remain particularly vulnerable to cyber attacks, with just half of SMEs surveyed by Argo Group having purchased protection despite the drastically rising threat of cyber crime. Nearly two-thirds of SMEs surveyed have already been victims of a cyber incident, but the majority of firms remain underprepared with ... Read the full article
17th October 2017
Specialty insurer and reinsurer, Argo Group International Holdings, Ltd., has announced estimated catastrophe losses for the third-quarter of 2017 of between $85 million and $110 million, pre-tax and net of reinsurance, reinstatement premiums and expected profit commissions. The reinsurer attributes much of the loss to hurricanes Harvey, Irma, and Maria, as ... Read the full article
