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Reinsurance News

Argo Group

Argo broker survey identifies most pressing re/insurance shortfalls

6th November 2018

A survey of brokers and the small and medium-sized businesses (SMEs) they serve, conducted by global specialty re/insurer Argo Group International Holdings, Ltd., has identified cybercrime, climate change, and talent retention as among the areas where re/insurance is most likely to fall behind. For example, Argo found that 71% of brokers ... Read the full article

$25m Q3 catastrophe losses expected by Argo Group

19th October 2018

International underwriter of specialty re/insurance products Argo Group International Holdings has announced a preliminary pre-tax catastrophe loss estimate for Q3 2018 of approximately $25 million. Hurricane Florence, typhoon Jebi and other cat and weather-related events in Q3 are all included in the estimate. Also included are claims costs net of ceded reinsurance ... Read the full article

Michael Scala appointed CUO of Asia Pacific, ArgoGlobal

9th October 2018

ArgoGlobal, a Lloyd’s insurer and member of Argo Group International Holdings, has announced the appointment of Michael Scala as Chief Underwriter Officer (CUO), Asia Pacific. Scala will report to Veronica Grigg, Chief Executive Officer, ArgoGlobal Asia. “Mike is a talented leader with experience across the Asia Pacific region,” said Grigg. “At ArgoGlobal, we ... Read the full article

“The time is right to be precisely our size,” says Argo CEO Watson

28th September 2018

Mark E. Watson III, Chief Executive Officer (CEO) of Argo Group International Holdings, Ltd. has claimed that current market conditions and the pace of technological change in the re/insurance industry are conducive to mid-sized companies such as Argo. In a Letter to Shareholders, Watson said that he believed the industry was ... Read the full article

Argo appoints Marsh Duncan as Senior VP of U.S Specialty

28th August 2018

Global specialty re/insurer Argo Group International Holdings has appointed Marsh Duncan as Senior Vice President of U.S Specialty Programs, effective immediately. “Marsh has an outstanding background in the specialty insurance business,” commented Kevin Rehnberg, President of Argo Group’s U.S Operations. “This, combined with his strong relationships and solid leadership abilities, makes him ... Read the full article

Waiting for the “elusive hard market” unlikely to work anymore: Argo CEO

15th August 2018

Mark Watson, the Chief Executive Officer (CEO) of insurance and reinsurance firm Argo Group, has warned that waiting for hard markets to achieve rate adequacy is an approach that's unlikely to work in today's market landscape. The global reinsurance market remains highly competitive and pressured, with the impacts of 2017 catastrophe ... Read the full article

Argo adds ex-Allied CFO Thomas Bradley to its Board of Directors

9th August 2018

Global specialty re/insurer Argo Group International Holdings has appointed Thomas A. Bradley to its Board of Directors. Before retiring in July 2017 Bradley served as Chief Financial Officer and Executive Vice President of Allied World Assurance Company Holdings for five years Prior to that, Bradley served as Executive Vice President and Chief ... Read the full article

Argo appoints Manuel Moreno to new Latin America underwriter role

23rd July 2018

Global specialty re/insurer Argo Group International Holdings has announced the appointment of Manuel Moreno to the newly created position of Chief Underwriting Officer of Latin America, effective immediately. The new role includes responsibility over the strategy and execution of all underwriting operations in the region and will see Moreno report to ... Read the full article

Argo establishes new construction business unit

12th June 2018

Bermuda-based speciality re/insurance underwriter Argo Group International Holdings (Argo Group) has announced it is establishing Argo Construction as a stand-alone underwriting business, in reaction to the rapidly growing construction sector. Under the leadership of Jim Cornwall, Senior Vice President (VP), Argo Construction will provide contractors with project-specific and ongoing coverage, including ... Read the full article

Argo names Katie Partington Howarth as Head of Ceded Reinsurance

8th June 2018

Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, has appointed Katie Partington Howarth as Group Head of Ceded Reinsurance. Partington Howarth will now be responsible for leading the strategy and implementation of Argo Group’s reinsurance buying for all business lines worldwide. She joins Argo from Ariel Re, ... Read the full article

Argo Group completes rebranding of Ariscom

5th June 2018

Global specialty insurer and reinsurer, Argo Group International Holdings, has completed the rebranding of Ariscom, its new Italian subsidiary, to ArgoGlobal Assicurazioni S.p.A. The move follows Argo Group’s recent acquisition of the Italian specialty insurer in March 2018, which is now led by Giovanni Tucci, who was appointed as Managing ... Read the full article

Malaysian Re signs MOU partnership agreement with Argo Managing Agency

29th May 2018

Malaysian Reinsurance Berhad (Malaysian Re) has signed a Memorandum of Understanding (MOU) with Argo Managing Agency Limited to formalise its agreement to provide underwriting and technical support. Argo Managing Agency is a member of Argo Group, and manages ArgoGlobal Syndicate 1200 (Argo) and Ariel Re Syndicate 1910 at Lloyd’s. Additionally, Malaysian Re ... Read the full article

Argo Group names Giovanni Tucci as Managing Director of Ariscom

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

Paul Blunden joins ArgoGlobal from Tokio Marine Kiln as medical class underwriter

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

Argo Insurance introduces new U.S wage and hour product

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

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