Argo Group Partners With Horseshoe Group
Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, announced that its Bermuda-based reinsurance company, Argo Re, Ltd., has entered into an agreement with Horseshoe Re Limited that will expand its reinsurance product offerings to meet the growing demands of the Insurance Linked Securities [ILS] market.
Horseshoe Re is a member of Bermuda-based Horseshoe Group, a leader in innovative solutions for the reinsurance marketplace. The exclusive arrangement builds upon Horseshoe Re’s recognized expertise in ILS transformation and Argo Re’s depth of underwriting experience and financial strength to create a seamless link between the reinsurance and capital markets.
This innovative combination will provide ILS funds and other capital market investors with a flexible and efficient platform to participate in reinsurance programs that require coverage from highly rated reinsurance carriers. Argo Re maintains a financial strength rating of “A” [Excellent] from A.M. Best Company.
“Given the limited number of reinsurers available to support programs at this level in the ILS market, we saw an opportunity to address this need,” commented Horseshoe Group CEO Andre Perez. “Argo Re’s expertise in worldwide catastrophe reinsurance underwriting coupled with Argo Group’s financial strength makes them an ideal partner.”
“We are delighted to strengthen the long-term trading relationship we have developed with the Horseshoe Group in search of ever more effective reinsurance solutions for our mutual customers,” added Argo Re President Matthew Wilken.
Well doen to Andre and the rest of the team at Horseshoe. A great testament to your differentiation.