International Casualty Treaty
ArgoGlobal’s international casualty treaty portfolio includes third-party liability, professional liability, auto liability and specialty.
ArgoGlobal accepts casualty business on a proportional or non-proportional basis via Lloyd’s brokers.
Appetite & Availability
ArgoGlobal has the capability to write and provide support for an international portfolio, including a limited element of U.S.-domiciled clients. The company’s principal development areas are the U.K., continental Europe, Scandinavia, Asia Pacific, Canada, and the Middle East and North Africa regions.
ArgoGlobal’s third-party offerings include public, product and employer liability.
ArgoGlobal’s maximum line is £5 million, and it accepts business from the U.K. and abroad, on an international, national or regional basis, derived from both its commercial and personal lines. The company accepts business with exports to the U.S., and a limited amount of U.S.-domiciled exposure. It manages its U.S. exposure with standard reinsurance wordings.
ArgoGlobal’s professional liability offerings include professional indemnity, directors and officers, medical malpractice, financial institutions, and warranty and indemnity.
ArgoGlobal’s maximum line is £5 million, and it accepts business from the U.K. and abroad, on an international, national or regional basis. The company manages its U.S. exposure with the use of standard reinsurance wordings and only considers protecting business exposed to ADR level II and III in exceptional circumstances.
The company covers third-party bodily injury and third-party property damage written outside the U.S. The maximum line is 10 percent on unlimited layers, though with a normal maximum below this in the U.K. The maximum line for limited layers is £5 million. Currently, ArgoGlobal will consider business with or without provision for capitalization of periodical payments.
ArgoGlobal will underwrite classes such as environmental impairment liability, stand-alone warranty and indemnity, and cyber liability on a case-by-case basis.
ArgoGlobal writes business predominantly through Lloyd’s brokers, or those with whom the company has a “terms of business” agreement.
Stuart Dale, as class underwriter, heads ArgoGlobal’s international casualty treaty portfolio. Stuart joined the company in late 2011 after holding senior underwriting roles at QBE and Sagicor.
In addition to writing a broad portfolio of business in London, ArgoGlobal benefits from the support and expertise of Argo Group’s complementary international casualty treaty reinsurance team, which writes business through Bermuda-based reinsurance platform Argo Re. Together, these entities provide a full spectrum of expertise and a global view that benefits ArgoGlobal’s clients.