Argo Group International Holdings Ltd., the Bermuda-based specialty re/insurer, has become a member and network partner of GBN, a global insurance network of insurers, reinsurers, independent brokers and specialty suppliers, which operates in more than 140 countries.
Brokers and local insurance companies grant partners mutual market access through the world’s disparate regulatory regimes and adhere to shared high-level compliance and service standards, explained Argo Group.
With GBN’s focus on digital commerce, Argo will be able to provide instant and efficient client services around the globe, especially in under-served emerging markets. Local clients and those with multinational operations can now obtain country-specific coverages through a single point of contact, eliminating the need to manage multiple intermediary relationships.
The move supports Argo’s digital strategy and presents significant opportunities for the company to source high-quality new business, said Argo, explaining that GBN members are able to transact specialty business from every region, around the clock, through the Connect Marketplace platform, a Lloyd’s-recognized electronic placement system.
“Becoming part of GBN provides us with significant distribution opportunities and extends our global reach in a single step,” said Ewelina Kudla, head of International Marketing & Producer Management at ArgoGlobal.
“Connect Marketplace, a Lloyd’s-recognized digital placing platform, gives us an unparalleled virtual presence around the world, which will benefit our existing and prospective clients,” Kudla went on to say.
“I am extremely pleased to welcome Argo as a member of GBN Worldwide at a global level,” commented Jamil Bahou, GBN’s founder and chairman, which has offices in Chicago and London.
“We have a shared vision when it comes to digital distribution, and through their interaction with GBN Members and their virtual presence on the Connect Marketplace platform, we can help them grow their distribution with access to low-limit, high-volume specialty business, not typically seen in the Lloyd’s and London markets,” Bahou continued.
Source: Argo Group International Holdings
Topics Excess Surplus
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