Argo Preliminary Loss Estimates: $34-$38M
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, announced a preliminary pre-tax catastrophe loss estimate for the three-month period ended Dec. 31, 2017 of $34-$38 million, net of ceded reinsurance recoverables, reinstatement premiums and expected profit commissions. C
atastrophe losses are primarily related to the wildfires in California and to certain aggregate excess of loss contracts that were impacted by various 2017 catastrophe and weather related events.
