ArgoGlobal covers property risks written under delegated binding authorities, or agreements in which an insurer delegates underwriting authority to another party.
ArgoGlobal is a recognized lead market with a focus on catastrophe exposures throughout North America. The binding authority team writes commercial, vacant and residential business coverage on a subscription-slip basis, comprising business with catastrophe and non-catastrophe exposure.
Appetite & Availability
The company provides coverage throughout North America and Canada.
ArgoGlobal’s maximum line size is $2.5 million.
The binding authority team has established strong relationships with a core book of U.S. coverholders, through London brokers with whom the company has long-standing, stable agreements. Alongside a mix of general commercial and residential business, ArgoGlobal has an appetite for innovative niche products in catastrophe-exposed areas.
The team’s leader, Matthew Stollery, has spent more than 10 years underwriting binding authorities at Lloyd’s, first at Omega Underwriting and then at Ark Syndicate.
The team prides itself on providing support in all areas, particularly catatrophe-exposed territories. It is well known for its speedy decision-making and for providing outstanding claims service. ArgoGlobal’s U.K.-based in-house modeling capabilities provide the team with the ability to provide a swift response to brokers and the technical knowledge to fully understand the risks clients face throughout North America.