Mortgage Impairment/Real Estate Owned

ArgoGlobal writes mortgage impairment, real estate owned and forced placed insurance policies. It’s been a leader in this niche for more than a decade.

    Table of Contents

  1. Highlights
  2. Appetite
  3. Info

Coverage Highlights

Overview

Mortgage impairment insurance covers a lender’s interest if a borrower failed to adequately insure a property. Real estate-owned (REO) policies cover banks and other mortgage lenders on repossessed property portfolios, while forced placed insurance allows mortgage providers to cover their interests when borrowers fail to purchase their own insurance.

ArgoGlobal’s clients for these types of coverage range from small community banks through to large multinational institutions.

Appetite & Availability

Territories

Some 95 percent of ArgoGlobal’s business is U.S.-based, with incidental coverage worldwide.

Risk Appetite

The company’s maximum line size is $5 million USD.

Distribution

ArgoGlobal writes policies through a small number of specialist Lloyd’s brokers and coverholders.

Additional Information

Expertise

ArgoGlobal fully understands this niche insurance class, and its underwriting team is backed by superior technical capabilities that help identify at-risk portfolios. This experienced claims team adds to the company’s market credibility.

Contact

Management

Neil Russell

Head of Property

+44 (0) 20 7712 7652
Underwriters

Matthew Stollery

Deputy Head of Property, Binding Authorities

+44 (0) 20 7712 7621

Joanne Allen

Class Underwriter

+44 (0) 20 3037 9868

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