Thursday, January 29, 2009

Argo Group Establishes New Division

Argo Group International Holdings Ltd., an international underwriter of specialty insurance and reinsurance products in the property and casualty market, has established a Casualty and Professional Risks division within Argo Re, the Company’s Bermuda-based reinsurance operation.

The newly formed division will write general and product liability, product recall, excess directors’ and officers’ liability, A-side primary, lead DIC (difference in conditions) and follow form, excess errors and omissions liability, primary and excess employment practices liability, and excess crime & fidelity risks, with capacity limits of up to $25 million.

The Casualty and Professional Risks business will be headed by Nigel Mortimer, who has been appointed chief underwriting officer for Casualty and Professional Risks at Argo Re. Reporting to Argo Re President Andrew Carrier, Mortimer will lead a team of underwriters that includes Mark Peeters, Glenn Burles, Timothy Hadler and Deirdre Lohan.

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