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Argo’s use of third-party capital continues to rise

Bermuda headquartered international specialty insurance and reinsurance firm Argo Group has continued to expand its use of third-party capital during the second-quarter of 2019.Argo has been steadily ramping up its use of third-party capital ever since it acquired Ariel Re, resulting in a situation where the company now experiences significant read the full article →

Argo continues to ramp up use of third-party reinsurance capital

Bermuda headquartered international specialty insurance and reinsurance firm Argo Group has increased its use of third-party capital again in the last quarter, resulting in fewer net premiums retained.Alongside strategic use of traditional reinsurance and retrocession, Argo has steadily been managing down its gross premiums, offloading more of the underwritten premium read the full article →

Argo retains reinsurance structure, access to third-party capital for 2019

International specialty insurance and reinsurance firm Argo Group retained the overall structure of its reinsurance and retrocession for 2019, including its access to third-party capital from investors for which it is increasingly originating underwriting business.Argo adjusted the capital structure supporting its international reinsurance business at the beginning of 2018, after read the full article →

Argo expects $32m Q4 catastrophe loss after reinsurance recoverables

International specialty insurance and reinsurance firm Argo Group has pre-announced an estimated $32 million of fourth-quarter 2018 catastrophe losses, which the firms third-party capital providers will likely have taken a share of.In addition, Argo has also revealed an expected $12 million of accident year losses to come for the fourth-quarter, read the full article →

Argo’s Harambee Re collateralized sidecar renewed for sixth time

International specialty insurance and reinsurance underwriter Argo Group has renewed its Harambee Re collateralized reinsurance sidecar vehicle for the 2019 underwriting year, as the firm continues to tap into the capital markets for protection and to augment its capacity.It's the sixth annual renewal of the Harambee Re sidecar for Argo, read the full article →

Argo shifts more reinsurance premium to third-party capital in Q3

International specialty insurance and reinsurance firm Argo Group has passed on more of its gross premiums written to third-party capital partners in the third-quarter of 2018, as the firms shift towards originating risk for third-party investors continues.Argo adjusted the capital structure supporting its international reinsurance business at the start of read the full article →

Argo only takes $25m catastrophe hit in Q3, third-party capital assists

International specialty insurance and reinsurance firm Argo has pre-announced $25 million of losses from third-quarter catastrophe events and given the firms shift towards originating risk for third-party investors it seems some of its capital partners will have taken a share of the firms gross losses.Argo Group International Holdings, Ltd. said read the full article →

Argo strategically shifting to originate risk for third-parties: CEO

Argo Group is making a strategic shift to originate more risks for investors, as the company finds increasing interest from third-parties in accessing the returns of the re/insurers underwriting performance, according to CEO Mark E. Watson III.It's a sign of the continuing development of Argo's strategy, as its specialty insurance read the full article →

Harambee Re collateralized sidecar in 2018 renewal for Argo

The Harambee Re collateralized reinsurance sidecar vehicle has been renewed for the 2018 underwriting year for international specialty insurance and reinsurance firm Argo Group, as it continues to leverage the capital markets to augment its capacity.The Harambee Re reinsurance sidecar was first launched for the 2013 underwriting year by Argo read the full article →

Argo renews Harambee Re for 2015 as reinsurance only sidecar

The Harambee Re collateralized sidecar has been renewed for 2015, by international specialty insurance and reinsurance group Argo. This year Argo has changed its sidecar strategy, as Harambee 2015 will only feature reinsurance business.Argo launched its first Harambee Re fully-collateralized sidecar vehicle in 2013, Harambee Re 2013-1 Ltd., as the read the full article →