Argo Group US, Inc. Acquires Renewal Rights of Lawyers’ Professional Liability Book from OneBeacon
December 16 2014 - 3:02PM
Business Wire
Argo Group US, Inc., a member of Argo Group International
Holdings, Ltd. (NASDAQ:AGII), an international underwriter of
specialty insurance and reinsurance products, announced today it
has entered into a binding agreement with OneBeacon Insurance
Group, Ltd. (“OneBeacon”) to purchase the renewal rights of
OneBeacon’s Lawyers’ Professional Liability (LPL) book of business,
effective January 1, 2015.
Upon renewal of accounts, all OneBeacon LPL policies will be
renewed and serviced by Argo Pro—a member of Argo Group that
specializes in professional liability products and services,
including Errors & Omissions and Management Liability. In
conjunction with this acquisition, Kim Noble, product leader and
select members of the Lawyers’ Professional Liability Group at
OneBeacon, will be joining Argo Pro.
“This acquisition will expand our diverse professional lines
capabilities in the U.S. marketplace and bring a broader portfolio
of products to our brokers,” said Argo Group US President Kevin
Rehnberg. “Kim and the LPL team members bring deep expertise and
strong relationships in this market and we’re excited to have them
join the Argo team.”
The LPL underwriting team will be located in Argo Pro’s Chicago
office at 225 W Washington. For more information about professional
liability products and services offered by Argo Pro, contact Argo
Pro Senior Vice President and Chief Underwriting Officer Laurie
Banez at 732.623.8966 or visit www.argoprous.com.
About Argo Pro
Argo Pro is a leading provider of professional liability
insurance products and services that can accommodate medium and
large professional liability risks on an admitted and non-admitted
basis. Through a single operating platform, and a network of
appointed specialty wholesale and retail distribution partners,
Argo Pro offers a broad, customizable portfolio of management
liability and errors and omissions insurance solutions. Argo Pro
maintains offices in Jersey City, Chicago and San Francisco. For
more information, visit www.argoprous.com.
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.
Argo Group International Holdings, Ltd.Jamie Pachomski, APR,
617-235-6166Manager, Corporate Communications & Public
Relationsjpachoms@argogroupus.com
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