Argo drops to $32mn Q1 UW loss on $49mn PL-driven reserve charge

Argo fell to a $32mn underwriting loss in the first quarter as deterioration in professional lines results drove a $40mn reserve charge in its US operations and a 1.9pt increase in the region’s core loss ratio that offset the positive impact of slashing its bill from cats in the period.


Want to read this article?


For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey

Commercial director

+44 (0) 77 4160 9085

    Andy Stone

    Sales manager

    +44 (0) 77 4160 9204