Argo Q1 CoR deteriorates 13.1 points to 108.1% on $48.6mn reserve charge
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Argo Q1 CoR deteriorates 13.1 points to 108.1% on $48.6mn reserve charge

Jairo Ibarra
08 May 2023
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Argo’s Q1 combined ratio jumped 13.1 points to 108.1% following a $48.6mn reserve charge that contributed 12.5 points to its loss ratio for the period.

The firm's US operations accounted for $39.7mn of the adverse reserve development, compared to an unfavorable development of $5mn a year ago.

Argo

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Jairo Ibarra
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