Argo buys retro in cat bond form
First-time cat bond issuer Argo Group said turning to the
collateralised sector was an attractive option in the current
uncertain market, as a hedge against rising retrocession pricing.
"We've never been in a market that's so mixed up about
what direction it wants to go," Argo International managing
director Jeff Radke told sister publication Trading
Risk. "In such an uncertain market environment,
this structure is very attractive." The firm secured $100mn
from its Loma Re cat bond, providing 18 months...
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