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."

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