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Insurer partners with Argo to offer specialty products

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Papua New Guinea-based Western Pacific Insurance Ltd. has signed a memorandum of understanding with Singapore-based ArgoGlobal Underwriting Asia Pacific Pte. Ltd. to provide specialty insurance products, Middle East Insurance Review reported. Under the agreement, Western Pacific will offer professional indemnity, directors and officers' liability and medical malpractice products to companies operating in Papua New Guinea. The insurer plans to offer maximum policy limits totaling about $6 million for the insurance products.

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