argo lloyd's syndicate

Argo and its insurance subsidiaries are rated A- by Standard and Poors. Argo has been an active run-off seller . Argos insurance subsidiaries are rated A- by A.M. Best. Tom Bradley, Argos executive chairman and chief executive officer (File photograph), Published September 09, 2022 at 7:41 am (Updated September 09, 2022 at 7:41 am), 1. Investors: We look forward to working with Lloyds and the international market to provide superior service and solutions.. You should not place undue reliance on any such statements. In 2020, Argo also signed a 356mn ($410mn) RITC deal with Riverstone for Syndicate 1200, which accounted for the 2017 and prior years of account. The deal was first announced in September of last year for a disclosed purchase price of approximately $125 million. HAMILTON, Bermuda, September 08, 2022--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or "the company") today announced the company has entered into a definitive agreement for the sale of Argo Underwriting Agency Limited and its Lloyds Syndicate 1200 to Westfield for total cash proceeds of approximately $125 million or 1.16x price to tangible book value or 0.81x price to book value as of first quarter 2022, subject to closing-related adjustments. Headquartered in Bermuda, Argo Group has offices in eleven countries worldwide, writing a diverse, truly global book of business. We have 220,000+ readers every month & 25,000+ email subscribers. Kuhn said, Were interested in new opportunities for product expansion and in working with clients and brokers to solve problems and find new solutions.. Transaction expected to close in first half of 2023. Andrew Hersom 860-970-5845 All existing policies remain valid and the company will manage claims handling through its London operation. Reach the largest reinsurance audience. ArgoGlobal Syndicate 1200 to Exit Asia - Argo Group Explore Argo Lines of Business - Argo Group As part of Argos previously announced and ongoing review of strategic alternatives, the board continues to actively consider a wide range of options for the company. 978-387-4150 The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo that Argos objectives will be achieved. More information on Argo and its subsidiaries is available at www.argogroup.com. As part of Argos previously announced and ongoing review of strategic alternatives, the board continues to actively consider a wide range of options for the company. Argo to sell Syndicate 1200 to Westfield for $125mn - Inside P&C We are pleased to complete this transaction, said Thomas A. Bradley, Argos executive chairman and chief executive officer. Tom Bradley, Argo's executive chairman and chief executive officer (File photograph) Stay on top of all the latest news impacting the insurance marketplace and understand the innovations, trends and insights on the changing risk landscape. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NYSE: ARGO) is a U.S. focused underwriter of specialty insurance products in the property and casualty market. June 3, 2021 - Trans Mountain insurer and Lloyd's of London syndicate Argo Group has pledged to cut ties with the existing Trans Mountain tar sands pipeline when its current insurance policy expires on August 31, 2021, and to not insure the Trans Mountain Expansion Project. We also publish Artemis.bm, the leading publisher of news, data and insight for the catastrophe bond, insurance-linked securities, reinsurance convergence, longevity risk transfer and weather risk management sectors.. Weve published and operated Artemis since its launch 20 years ago and have a readership of around 60,000 every month. Find and access the services you need to do your job. For a more detailed discussion of such risks and uncertainties, see Item 1A, "Risk Factors" in Argos Annual Report on Form 10-K and Form 10-K/A for the fiscal year ended December 31, 2021, as supplemented in Argos subsequent Quarterly Reports on Form 10-Q, and in other filings with the U.S. Securities and Exchange Commission. As a more focused and streamlined company, we are better positioned to drive our business strategies and evaluate further strategic alternatives to create shareholder value., Bradley continued, We believe Westfield and our Lloyds team members are well positioned for future growth and success, and we thank the Argo employees within those business units for their dedication to improving operational results in recent periods.. Cancel. HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NYSE: ARGO) (Argo or the company) today announced the company has entered into a definitive agreement for the sale of Argo Underwriting Agency Limited and its Lloyds Syndicate 1200 to Westfield for total cash proceeds of approximately $125 million or 1.16x price to tangible book value or 0.81x price to book value as of first quarter 2022, subject to closing-related adjustments. [emailprotected], David Snowden Discover our suite of tools and technologies to support your business needs. 8th September 2022 - Author: Luke Gallin Westfield Specialty, a U.S. property and casualty insurer, has accelerated its "rapid growth" with the acquisition of Lloyd's Syndicate 1200 from Argo Group International Holdings, marking its entry into the international specialty market. Attachment-based Treatment Centers in Utah - Psychology Today Find Attachment-based Treatment Centers in Utah, get help from Utah Attachment-based Rehab for Attachment-based Treatment in Utah. Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 andrew.hersom@argogroupus.com, Gregory Charpentier Along with other strategic actions under way, the sale of our Lloyds business advances Argos primary objective to operate as a nimble, US-centric commercial specialty insurer. That change in gross premiums written in the source of business is 5% or more of the total gross premiums written in the disseminated syndicate business forecast. Successfully executing on its Specialty Insurance expansion strategy, Westfield today announced its entrance into the international specialty market via the purchase of Lloyd's of London Syndicate 1200 from Argo Group International Holdings, Ltd. (NYSE: ARGO). Each of the proposed transactions referenced in this press release is subject to risks and uncertainties, including, but not limited to, that the proposed transactions may be unable to be completed because of the failure to obtain required regulatory approvals or satisfy (or obtain waivers of) the closing conditions and uncertainty as to the timing of completion of the proposed transactions. 210-321-2104 For a more detailed discussion of such risks and uncertainties, see Item 1A, Risk Factors in Argos Annual Report on Form 10-K and Form 10-K/A for the fiscal year ended December 31, 2021, as supplemented in Argos subsequent Quarterly Reports on Form 10-Q, and in other filings with the U.S. Securities and Exchange Commission. Argo Group sells Lloyd's Syndicate Created: Sep 09, 2022 07:41 AM. Explore Argo Lines of Business. We thank our Lloyds team members for their work and dedication to our business over the years, and we are confident they will have a bright future ahead with Westfield.. 860-970-5845 Steve Evans Ltd. registered in England No. Brigham Young University. Center for Molecular Genealogy Head of Investor Relations 3rd February 2023 - Author: Kane Wells. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Senior Vice President, Group Communications Commits Resources, Expertise to International Specialty Market WESTFIELD CENTER, Ohio (February 2, 2023) Westfield today announces the completion of its acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings Ltd. (NYSE: ARGO). He is encouraging Insurgence USA protesters to purchase . All content copyright Steve Evans Ltd. 2021 All rights reserved. More information on Argo and its subsidiaries is available at www.argogroup.com. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. [emailprotected], Gregory Charpentier The decision to launch a process to find a new owner for Syndicate 1200 will test the market for Lloyd's acquirers and is likely to prove challenging. HAMILTON, Bermuda, September 08, 2022 -- ( BUSINESS WIRE )--Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or "the company") today announced the company has entered into a. At the . 978-387-4150 Transaction will simplify corporate structure and drive greater efficiencies with increased focus on core U.S. businesses. Westfield President, CEO and Board Chair, Ed Largent, commented, This acquisition demonstrates Westfields commitment to the international specialty market. Lloyds Insurance Company (China) Limited, Marine Underwriting Manager Discover the breadth of the Lloyds marketplace and find the experts to support your risk - whatever the size and complexity. Argo Group International Holdings has entered into a definitive agreement for the sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200 to Westfield for total cash proceeds of approximately $125m or 0.81x price to book value as of first quarter 2022, subject to closing-related adjustments. Or find and follow Reinsurance News on social media. Investors: To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Contents Section 1: Syndicate 1200 Report and Syndicate Annual Accounts . Join the best minds in the market - access the expertise, knowledge and insights to protect and develop your business. Head of Investor Relations Argo to receive total cash proceeds of approximately $125 million. Headquartered in Bermuda, Argo Group has offices in eleven countries worldwide, writing a diverse, truly global book of business. February 02, 2023 04:18 PM Eastern Standard Time WESTFIELD CENTER, Ohio-- ( BUSINESS WIRE )-- Westfield today announces the completion of its acquisition of Lloyd's of London Syndicate 1200. Loss Run. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NYSE: ARGO) is a U.S. focused underwriter of specialty insurance products in the property and casualty market. For a more detailed discussion of such risks and uncertainties, see Item 1A, Risk Factors in Argos Annual Report on Form 10-K and Form 10-K/A for the fiscal year ended December 31, 2021, as supplemented in Argos subsequent Quarterly Reports on Form 10-Q, and in other filings with the U.S. Securities and Exchange Commission. We called it. Westfield completes acquisition of Lloyd's Syndicate 1200 from Argo We thank our Lloyds team members for their work and dedication to our business over the years, and we are confident they will have a bright future ahead with Westfield.. AVP, Investor Relations and Corporate Finance You should not place undue reliance on any such statements. Argo offers a full line of products. Send. Each of the proposed transactions referenced in this press release is subject to risks and uncertainties, including, but not limited to, that the proposed transactions may be unable to be completed because of the failure to obtain required regulatory approvals or satisfy (or obtain waivers of) the closing conditions and uncertainty as to the timing of completion of the proposed transactions. [emailprotected], Phone: 441-296-5858Fax: Generic filters. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NYSE: ARGO) is a U.S. focused underwriter of specialty insurance products in the property and casualty market. Argo to test market appetite for Lloyd's businesses with Syndicate 1200 of Chemistry University of Utah 315 S 1400 E Salt Lake City, UT 84112 (801) 587-3800 Office: 4611 Thatcher . Argo and its insurance subsidiaries are rated A- by Standard and Poors. 860-970-5845 The sale of Argos Lloyds business is subject to customary closing conditions and regulatory approvals, including Lloyds of London, UK Prudential Regulation Authority and UK Financial Conduct Authority. Argo Group sells Lloyd's Syndicate - The Royal Gazette This press release and any related oral statements may include forward-looking statements that reflect our current views with respect to future events and financial performance. Argo Group Announces Closing of Lloyd's Syndicate 1200 Transaction ArgoGlobal Underwriting Division ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NYSE: ARGO) is a U.S. focused underwriter of specialty insurance products in the property and casualty market. Argo got relatively far down the road with a potential sale of Syndicate 1200 to a private equity bid spearheaded by former Ascot and Neon CEO Martin Reith last spring, but at around 0.8x book,. At the time, Syndicate 1200 was estimated to have a book of business sized at $650 million, focused on numerous lines of specialty insurance. Sources said financial adviser Goldman Sachs has approached potential bidders around the asset and invited them to engage ahead of a sales process. The transaction is expected to close in the first half of 2023. 1950 of 2008, the Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008. andrew.hersom@argogroupus.com, Gregory Charpentier The announcement comes after this publication revealed last week that Argo and Westfield were in advanced talks over a deal. ArgoGlobal - Lloyd's More information on Argo and its subsidiaries is available at www.argogroup.com. Head of Investor Relations More information on Argo and its subsidiaries is available at www.argogroup.com. Argo Managing Agency Ltd - Lloyd's "As part of our review of strategic alternatives, we are taking decisive actions to optimize our operations and business structure, better positioning the company for continued profitable growth and returns in the U.S. as we strive to maximize value for shareholders," said Tom Bradley, Argos executive chairman and chief executive officer. Casualty insurance for the manufacturing, services, and materials production sectors. Investors: david.snowden@argogroupus.com, Argo Group Announces Sale of Lloyds Syndicate 1200 to Westfield, Internet Explorer presents a security risk. The company said that represents 1.16x price to tangible book value or 0.81x price to book value as of first quarter 2022, subject to closing-related adjustments. The sale of Argos Lloyds business is subject to customary closing conditions and regulatory approvals, including Lloyds of London, UK Prudential Regulation Authority and UK Financial Conduct Authority. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as positioning, expect, intend, plan, believe, do not believe, aim, project, anticipate, seek, will, likely, assume, estimate, may, continue, create, maximize, guidance, objective, outcome, remain optimistic, outlook, trends, future, could, would, should, target, simplifies, on track and similar expressions of a future or forward-looking nature. John Sullivan of Insurgence USA held his first armed protest on 22 July at the Utah state capitol, carrying an AR-15 and a magazine of ammo. With GWP of 518mn ($716mn) in 2020, the business is sizeable and last made an underwriting profit in 2015. HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NYSE: ARGO) (Argo) today announced the completion of its previously announced sale of Argo Underwriting Agency Limited and its Lloyds Syndicate 1200 to Westfield. LONDON - Sept. 2, 2019 - ArgoGlobal, the Lloyd's insurer and member of Argo Group, today announced plans to exit Syndicate 1200 underwriting operations in Asia and most of its hull underwriting business within the syndicate. Thomas A. Bradley, Argos executive chairman and CEO, stated, We are pleased to complete this transaction. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses in two primary segments: U.S. Operations and International Operations. Possible downgrade for Argo's Lloyd's Syndicate 1200 Transaction will simplify corporate structure and drive greater efficiencies with increased focus on core U.S. businesses. Argo to receive total cash proceeds of approximately $125 million. The transaction is expected to close in the first half of 2023. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. LLoyd's Syndicate 6117. Scott Woodward, director of the Center for all three years of its existence, developed Sorenson's ideas and created a way of scientifically tracing DNA to determine genealogy. The move comes as part of recent actions undertaken by the firm to improve profitability in the syndicate. Copyright 2023 royalgazette.com. As previously disclosed on 28th September 2015, Argo Managing Agency Limited intends to establish a Special Purpose Syndicate (SPS) for 1st January 2016 in partnership with Asia Capital Reinsurance Group Pte Ltd. 978-387-4150 Such statements are subject to certain risks and uncertainties that could cause actual events or results to differ materially. Argo to test market appetite for Lloyd's businesses with Syndicate 1200 For the same reason as above, Syndicate 1200 has also triggered Auction Rule 4(3)(a) because the capacity for the 2016 YOA as shown in the syndicates approved business plan exceeds the amount indicated in the disseminated syndicate business forecast although the triggering of Rule 4(4)(b)(v) will mean that all of the capacity on the syndicate is tradeable in the fourth auction. You must be Registered or Signed in to post comment or to vote. Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo") today announced the completion of its previously announced sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200 to Westfield. 441-296-6162[emailprotected], (Access online manuals and employee phone listings), Argo Group Reports First Quarter 2023 Results, Argo Group Schedules First Quarter 2023 Earnings Release, GCIS Agency / Policyholder On-line For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 AVP, Investor Relations and Corporate Finance Westfield Specialty, a US property and casualty insurer, has announced the completion of its acquisition of Lloyd's of London Syndicate 1200 from Argo Group International Holdings. Steele Group: Home - University of Utah All rights reserved. Theoretical Chemistry Research Group of Prof. Ryan P. Steele. In order to meet the varied demands of clients, Argo Underwriting Division offers reinsurance services in the following specialist classes via Lloyd's China platform: Director of Underwriting 860-970-5845 Home; Group; Research; Publications; Tools; Teaching; Ryan P. Steele Dept. Argos insurance subsidiaries are rated A- by A.M. Best. London, UK, 4 October 2022 - Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a Managing Agent at Lloyd's of London. Argo Managing Agency Ltd Managing Agent Name: Argo Managing Agency Limited Subject: Auction Four Disclosure Syndicate Affected: 1200 As previously disclosed on 28th September 2015, Argo Managing Agency Limited intends to establish a Special Purpose Syndicate (SPS) for 1st January 2016 in partnership with Asia Capital Reinsurance Group Pte Ltd. Argo Group Announces Sale of Lloyd's Syndicate 1200 to Westfield Join the best minds in the market - access the expertise, knowledge and insights to protect and develop your business. As a more focused and streamlined company, we are better positioned to drive our business strategies and evaluate further strategic alternatives to create shareholder value., He added: We believe Westfield and our Lloyds team members are well positioned for future growth and success, and we thank the Argo employees within those business units for their dedication to improving operational results in recent periods.. Get reinsurance news by email here. 441-296-6162[emailprotected], (Access online manuals and employee phone listings), Argo Group Reports First Quarter 2023 Results, Argo Group Schedules First Quarter 2023 Earnings Release, GCIS Agency / Policyholder On-line SYNDICATE 1200 Argo Managing Agency Limited Syndicate 1200/1910 Report and Accounts 2019. David Snowden gregory.charpentier@argogroupus.com, Media: Ariel Re received approval from the Prudential Regulatory Authority, the Financial Conduct Authority and Lloyd's in order to commence this new operation. David Snowden As part of Argos previously announced and ongoing review of strategic alternatives, the board continues to actively consider a wide range of options for the company. Agency contact name: Mike Jackson/Darren Argyle. 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