Argo News

Praedicat Develops Insurance Tool for COVID-19 Liability

Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which allows insurers to track exposures, establish reserves, and manage aggregations in the face of this generation’s largest emerging risk, the …

Argo Group Estimates $71M in Catastrophe, COVID Losses During Third Quarter

Argo Group International Holdings Ltd. announced that its results for the third quarter of 2020 will be adversely affected by estimated losses of $71 million related to various natural catastrophe events and the continued impact of the COVID-19 pandemic. The …

Allianz Adds 3 From Argo to Cyber Insurance Team

Allianz Global Corporate & Specialty (AGCS) has made several hires to strengthen its cyber insurance underwriting team: Tresa Stephens as regional product leader; Josh Navarro, executive underwriter; and Ed Lee, underwriting specialist. Based in New York, Stephens will lead the …

Paragon Completes Acquisition of Trident Public Risk Solutions from Argo

Paragon Insurance Holdings, a national managing general agency, said it has closed on the previously-announced purchase of Trident Public Risk Solutions from Argo Group. Trident provides insurance and risk management services for public sector entities such as counties, municipalities, schools, …

The State of Autonomous Driving: Shuttles vs. Moonshots in Big Stakes Race

May Mobility Inc.’s boxy white-and-green self-driving shuttle pulls up to a damp corner in downtown Detroit. Its big doors swing out revealing a safety driver and six seats that face each other. It’s more comfortable than a subway car or …

Argo Deploys Insurtech Platform from AVYST to Streamline Risk Submissions

Argo Group International Holdings, the Bermuda-based specialty re/insurer, has adopted an insurtech platform that enables managing general agents, wholesalers and independent brokers to submit, quote and bind risks seamlessly, without paper or error. Argo has deployed AVYST’s bi-directional forms system, …

Argo Urges Shareholders to Reject Voce’s Claims at Annual Meeting

Argo Group is urging shareholders to reject allegations of “reckless behavior” and “poorly researched claims” from activist stockholder Voce Capital Management when the company’s annual shareholder meeting takes place on May 24. Those rebuttals are part of a letter that …

How Insurtech Will Revolutionize Inland Marine by Cutting Costs

Insurtech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place, small or one-off inland marine risks at the best possible rates. Carriers and brokers are building Internet-based underwriting …

Argo Group Becomes Member of Global Insurance Network, GBN Worldwide

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 …

ArgoGlobal Names Aspen’s Lucas as Chief Actuary, International

Lloyd’s insurer ArgoGlobal has appointed Paul Lucas as chief actuary, international. Lucas brings 17 years of industry experience to ArgoGlobal. He joins the company from Aspen, where he was for nearly 12 years, most recently as global insurance chief actuary. …