Argo Group US, Inc., a member of Argo Group International Holdings, Ltd.
AGII, an international underwriter of specialty insurance and
reinsurance products, announced today it has entered into a binding agreement
with OneBeacon Insurance Group, Ltd. (“OneBeacon”) to purchase the renewal
rights of OneBeacon's Lawyers' Professional Liability (LPL) book of business,
effective January 1, 2015.
Upon renewal of accounts, all OneBeacon LPL policies will be renewed and
serviced by Argo Pro—a member of Argo Group that specializes 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 U.S. 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.”
The LPL underwriting team will be located in Argo Pro's Chicago office at 225
W Washington. For more information about professional liability products and
services offered by Argo Pro, contact Argo Pro Senior Vice President and Chief
Underwriting Officer Laurie Banez at 732.623.8966 or visit www.argoprous.com.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in