Reinsurance News

Argo Group

Argo closes on acquisition of Ariel Re

7th February 2017

Argo Group International Holdings, Ltd., the specialty insurance and reinsurance underwriting firm has  announced the completion and closure of its previously announced acquisition of Ariel Re, another global underwriter of insurance and reinsurance business. Argo acquired Ariel Re for around $235 million in cash, as a way to advance its strategic ... Read the full article

Argo puts Q4 2016 catastrophes losses at $20m – $25m

18th January 2017

Specialty insurance and reinsurance underwriting firm Argo Group International Holdings, Ltd. has estimated its fourth-quarter 2016 pre-tax catastrophe losses at $20 million to $25 million. The preliminary estimate, released before the fourth-quarter results season begins in the coming weeks, is pre-tax and net of reinsurance and reinstatement premiums. Argo Group explained that ... Read the full article

Argo Surety names David Layman VP, CUO, Contract Surety

12th January 2017

Argo Surety, a subsidiary of specialty insurer and reinsurer Argo Group International Holdings, Ltd. has announced the appointment of David M. Layman to the newly created role of Vice President (VP) and Chief Underwriting Officer (CUO), Contract Surety, effective immediately. Layman joins Argo Surety with nearly three decades of surety experience in ... Read the full article

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