ArgoGlobal Syndicate 1200 News

Westfield Completes Acquisition of Lloyd’s of London Syndicate 1200

Westfield has completed the acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. for about $125 million. The deal was first announced in September 2022. Westfield said this strategic acquisition establishes the company as a global …

Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd.

Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by its independent managing general agent incubator subsidiary, Pro MGA Solutions (Pro.MS). Launched in 2016, Tierra is an MGA that underwrites …

ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd. ArgoGlobal is providing $25 million in underwriting capacity to support the MGA, supporting Tierra Underwriting in transactions that …

ArgoGlobal Syndicate 1200 to Exit Asia and Global Hull Underwriting

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced plans to exit Syndicate 1200’s underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing policies remain valid and the company will manage claims …

ArgoGlobal Launches Lloyd’s Market Motor Treaty Consortium, Supported by Barbican

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of the first Lloyd’s market consortium for motor treaty business. The consortium, led by ArgoGlobal and supported by Barbican Insurance Group, was established in time for Jan. 1 …

ArgoGlobal Taps Endurance’s Thompson as Hull Class Underwriter

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has announced the appointment of Michael Thompson as hull class underwriter. He takes up the role with immediate effect and will report to Steve O’Gorman, head of marine. Thompson brings nearly …

Argo Group Names AIG’s Hernandez to Lead International Business

Bermuda-based specialty insurer Argo Group International Holdings announced the appointment of Jose A. Hernandez to lead the company’s international business, which includes all insurance and reinsurance operations outside of the U.S. Hernandez joins Argo from American International Group where he …

ArgoGlobal Launches Cyber Division; Heaton Named Cyber Class Underwriter

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the launch of its Cyber division with the appointment of Russell Heaton as cyber class underwriter. He takes up his role with immediate effect and reports to Ryan Barnes, head …

Lloyd’s Insurer ArgoGlobal Grabs O’Gorman from CNA to Lead Marine Team

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Steve O’Gorman as head of Marine, effective Aug. 22. He reports to Bruno Ritchie, director of underwriting and active underwriter. The former head of Marine, Philip Thorpe-Apps, …

ArgoGlobal Buys Renewal Rights to Allied World’s Marine Hull Business in Asia

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced it has acquired the renewal rights for Allied World’s marine hull business in Asia. The transaction completed on August 5. “I am very pleased that we have reached an agreement …