Argo
-
The company thinks that business line optimization, underwriting enhancements, expense initiatives and tech will help it to hit new targets. -
The ratings agency has also affirmed the bbb- credit rating of Argo’s parent company.
-
The CEO says he will put resources into the Argo's best performing lines of business, and take quick action in segments that fall short.
-
The carrier expects to file the accounts within a 15-day extension window.
-
The sale of the subsidiary is the latest step in CEO Kevin Rehnberg’s plan to dial down risk and free up capital at the carrier.
-
Argo is looking to redeploy capital from reinsurance and into high growth US E&S.
-
The company benefited from improved underlying results, premium growth at its US operations, and a much smaller reserve hit.
-
The executive replaces Jay Bullock, who announced his departure last summer.
-
The carrier has set aside $13mn to pay coronavirus claims at its international unit.
-
The executive, based in Chicago, is a former broker and joined Argo’s ceded re team from Allied World in 2020.
-
Inside P&C’s research team examines some of the areas that will be closely watched during the results season.
-
The regulator found that Watson and Argo failed to disclose $5.3mn in personal benefits.
