Argo buys OneBeacon PL renewal rights
Argo Group US, part of Argo Group International Holdings, is to purchase the renewal rights on a professional liability book of business owned by OneBeacon Insurance Group. It has also hired the product leader responsible for the business.
Upon renewal of accounts, all policies will be renewed and serviced by Argo Pro—a member of Argo Group that specialises in professional liability products and services, including errors & omissions and management liability.
In conjunction with this acquisition, Kim Noble, product leader and select members of the Lawyers’ Professional Liability Group at OneBeacon, will be joining Argo Pro.
“This acquisition will expand our diverse professional lines capabilities in the US marketplace and bring a broader portfolio of products to our brokers,” said Argo Group US president Kevin Rehnberg. “Kim and the LPL team members bring deep expertise and strong relationships in this market and we’re excited to have them join the Argo team.”