Login Register Subscribe
Current Issue

Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Argo records more than $61 million of net loss due to catastrophes

Reprints

Bermuda-based insurer and reinsurer Argo Group International Holdings Ltd. recorded a net loss of more than $61 million in the third quarter, driven by the recent catastrophes, The Royal Gazette reported. It posted a $14.5 million in pre-tax catastrophe losses. Adjusted operating loss amounted to $57.4 million, compared with an operating income of $34.4 million in the third quarter of 2016. Gross written premiums grew 37.5% year over year to more than $805 million.

Read more.