Argo launches new Lloyd's casualty treaty reinsurance business

Argo Group International Holdings has added treaty reinsurance business written through Lloyd’s of London to its book.

The new offering adds to Argo’s existing lines of international casualty treaty reinsurance available through its Bermuda-based reinsurance platform, Argo Re.

Syndicate 1200 will begin writing international casualty treaty reinsurance for accounts starting after 1 January 2013 in selected lines. The portfolio will include general liability, professional lines, and motor liability on a global basis, excluding the USA.

“Being able to write international casualty treaty reinsurance from our Lloyd’s platform follows a successful first year of writing the business at Argo Re,” Argo International managing director Jeff Radke said. “Adding this new class of business to Syndicate 1200 reflects the confidence that we have in our underwriting team’s ability to grow profitably.”

Stuart Dale has been named class underwriter, international casualty treaty, for Syndicate 1200. Dale joined Argo International in late 2011 to assist in development of the portfolio after holding senior underwriting roles at QBE and Sagicor. Casualty underwriter Alison Wood has also joined Argo International after 12 years at General Re in London.

“We’re pleased to have received Lloyd’s support for this initiative,” Radke said. “Our capability to consider all casualty reinsurance business across multiple platforms makes Argo Group a strong competitor in this marketplace, and we look forward to growing this business within our Lloyd’s portfolio.”