JERSEY CITY, N.J. – February 15, 2017 – Argo Pro, a member of Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced its partnership with BlueChip Underwriting Services LLC to provide transactional risk insurance to facilitate mergers and acquisitions.
“I am delighted to announce this partnership with BlueChip,” said Craig Landi, president, Argo Pro. “The demand for this proposition is clear. I am certain this new offering will allow us to carve out a significant share of the market rapidly.”
BlueChip will sell and underwrite this suite of products, including Representation & Warranties, Tax Indemnity, and Contingent Liability insurance products. BlueChip was co-founded by Chairman Scott Fritts and President and Chief Operating Officer Steve Anderson with Ben Welch as a partner and lead underwriter.
“It is a pleasure working with a forward-thinking organization,” said Scott Fritts, chairman, BlueChip. “The strong partnership with Argo Pro will allow us to draw on their extensive industry knowledge and best practices.”
Argo Pro will be the lead provider with capacity provided by Argo Group’s Lloyd’s of London operation, ArgoGlobal Syndicate 1200, which will offer clients across the globe limits of up to $30 million for any one transaction. “This is a compelling partnership between our colleagues in the U.S., Syndicate 1200 and BlueChip,” said Ryan Barnes, head of casualty, ArgoGlobal.
This is also an excellent example of Argo Group’s ability to bring together our various areas of expertise quickly to create innovative solutions for the marketplace.”
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ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Through its operating subsidiaries, Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M. Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’ (Strong) by Standard & Poor’s with a stable outlook. For more information, visit www.argolimited.com or follow us on LinkedIn (http://ow.ly/Oe6fK) and on Twitter at @Argo_Group.
ABOUT ARGO PRO
Argo Pro is a leading provider of professional lines insurance products and services that can accommodate medium and large organizations on an admitted and non-admitted basis. Through a single operating platform, and a robust network of appointed wholesale and retail distribution partners, Argo Pro offers a broad, customizable portfolio of errors and omissions, and management liability insurance solutions. Argo Pro maintains offices in Chicago, Jersey City, San Francisco, Scottsdale, and Hamilton. For more information, visit www.argoprous.com.
ArgoGlobal is the trading brand of Syndicate 1200 at Lloyd’s, managed by Argo Managing Agency Ltd. The Syndicate offers worldwide property, aerospace, marine, energy, specialty and non-U.S. liability insurance. Market leading expertise, knowledge, an innovative approach and focus on its customers, together with the substantial resources, financial strength and international scope of the Argo Group, support ArgoGlobal’s position as a leading player in the Lloyd’s Market. As a Lloyd’s syndicate, ArgoGlobal Syndicate 1200 benefits from its strength and robust capitalization which is reflected in its ratings: A.M. Best ‘A’ (Excellent); Fitch Rating ‘AA-‘ (Very Strong) and Standard and Poor’s ‘A+’ (Strong). For more information, visit www.argo-global.com.
Senior Vice President, Corporate Communications
President, Argo Pro, US