Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Argo CR hits 102.7% on Lloyd’s/US specialty arms

3 August 2010

Argo Group International Holdings followed several of its Bermudian compatriots in booking a slide in Q2 operating profits late last night (2 August).

The (re)insurer experienced the dip in investment income that has afflicted many on the island, while its profits were also hit by deteriorating combined ratios in its commercial and Lloyd's international specialty divisions.

Pre-tax operating profits fell from $50.5mn in the prior-period to $18.6mn in Q2 2010, with Argo's overall combined ratio worsening from 95.6 percent to...

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