Argo

The ratings have a stable outlook.

He joins the carrier from a consultancy role and previously held executive roles at QBE.

Argo is developing useful implementations of emerging technologies such as AI.

The 20-year industry veteran will lead a team developing new product strategy.

The withdrawal of Brit from yacht business at Lloyd’s and increased scrutiny of underperforming lines has heightened pressure on the class.

He comes over from Colony Specialty Insurance, where he was vice president, underwriting.

The businesses will write on Argo paper.

Thomas Bradley will advise the board on its financial structure after it moved its listing to the NYSE.

Improving pre-tax underwriting earnings and a catastrophe loss drop help the beat.

The seller’s board has also refused to grant exclusivity to the investment firm as hopes of a 1 August deal fade.

The Bermudian carrier announces the newly created role, which will operate out of Miami.

Panellists at the Managing General Agents’ Association conference said the need to bring capital closer to risk means ILS funds and reinsurers will gravitate towards direct business.