16 February 2017Insurance

Argo Pro partners with BlueChip on M&A risk insurance program

Argo Pro, a subsidiary of specialty re/insurer Argo Group, has partnered with BlueChip Underwriting Services to provide transactional risk insurance to facilitate mergers and acquisitions.

BlueChip will sell and underwrite the suite of products, including representation and warranties, tax indemnity, and contingent liability insurance products. Argo Pro will be the lead provider with capacity from its Lloyd's of London operation, ArgoGlobal Syndicate 1200, which will offer clients across the globe limits of up to $30 million for transactions.

Craig Landi, president of Argo Pro, said: "I am delighted to announce this partnership with BlueChip. The demand for this proposition is clear. I am certain this new offering will allow us to carve out a significant share of the market rapidly."

Ryan Barnes, head of casualty at ArgoGlobal, added: "This is a compelling partnership between our colleagues in the US, Syndicate 1200 and BlueChip. This is also an excellent example of Argo Group’s ability to bring together our various areas of expertise quickly to create innovative solutions for the marketplace."

Scott Fritts, chairman of BlueChip, commented: "It is a pleasure working with a forward-thinking organisation. The strong partnership with Argo Pro will allow us to draw on their extensive industry knowledge and best practices."

Today’s top stories

Qatar Re chief underwriting officer departs; role is split

NN Group FY16 profit drops ahead of Delta Lloyd acquisition

JLT poaches Willis senior vice president to grow cargo business

Markel International to enter surety market

Beazley adds senior Markel exec to UK tech and data breach team

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
14 February 2017   Argo Group, a specialty property and casualty re/insurer based in Bermuda, has boosted gross written premiums in 2016 but profits declined nevertheless.
Insurance
27 February 2017   Bermuda-based specialty re/insurer Argo Group has partnered with Marine Underwriters of America (MUA), to underwrite a suite of physical damage and liability products for recreational marine businesses.
Insurance
16 March 2017   Argo Pro, a subsidiary of specialty re/insurer Argo Group, has launched enhanced line of products and four new errors and omissions (E&O) forms to offer expanded business opportunities for brokers.