Posted on 02 Aug 2010
Argo Group U.S., a subsidiary of Argo Group International Holdings Ltd., announced the formation of its Argo Management Liability platform, an expansion of the company's management liability and professional lines capabilities. Based in Argo Group's New York office, the Argo Management Liability team addresses the needs of the middle- and upper-market segments on both an admitted and surplus lines basis.
Argo Management Liability's broad portfolio of products will include the following coverages on a primary and excess basis, for public, private and not-for-profit organizations: directors and officers insurance; employment practices liability; fiduciary liability; outside directorship liability; errors and omissions; and fidelity and crime insurance.
The company also announced the introduction of Argo Flex-XS(SM), an excess follow form insurance policy. Argo Flex-XS is designed to attach excess of management liability and professional lines coverage and is a flexible, streamlined approach to excess coverage. Coverage is available for public, private and not-for-profit organizations.
Overseeing Argo Management Liability operations is SVP Laurie Banez, a 23-year insurance industry veteran who brings extensive underwriting and operational knowledge to Argo Group. Prior to joining Argo Group U.S., Ms. Banez held various senior leadership positions with several leading management liability insurance carriers.
"We're excited to broaden Argo Group's management liability and professional lines capabilities through the introduction of the U.S. business platform. We will continue to develop our portfolio of products and services in order to provide creative solutions in response to brokers' and customers' management and professional liability insurance needs," said Ms. Banez.
Argo Re's Chief Professional Underwriter Mark Peeters added, "Argo Group's U.S. management liability platform rounds out Argo Group's capabilities by expanding upon the professional liability product offerings currently available through Argo Re in Bermuda, Argo Financial Products in London and the niche products offered by Argo Pro in the U.S. We are pleased to be in a position to offer such a comprehensive portfolio of management and professional liability products to a broad client base."
ABOUT ARGO MANAGEMENT LIABILITY
Located in New York, Argo Management Liability is dedicated to providing management liability and professional lines products and services through both retail and wholesale brokers.
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of high-quality products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, Reinsurance, and International Specialty. Information on Argo Group and its subsidiaries is available at www.argolimited.com.