27 February 2017Insurance

Argo Group enters underwriting agreement with MUA

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.

ArgoGlobal Syndicate 1200 will reinsure this book. MUA will also offer admitted property coverage when underwritten as part of a package.

Philip Thorpe-Apps, practice leader of marine and energy at Argo Group said: "I am very pleased to announce this agreement with MUA. This initiative allows us to bring new, previously inaccessible premium into Lloyd's and has provided us with a template for greater penetration into an untapped market segment."

Mike Hartley, president of MUA said: "We are excited about Argo Group's commitment to MUA in providing quality 'A' rated paper, experienced claims, and a commitment to providing new products and services in the coming months and years ahead. I am certain that our clients will quickly see the benefit of this partnership."

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