Argo to book pandemic-related losses of $26 million, more later
Posted On: May. 1, 2020 6:05 AM CST
Bermuda-based insurer and reinsurer Argo Group International Holdings Ltd. expects to book COVID-19 pandemic-related losses of around $26 million in the first quarter, The Royal Gazette reports. Some of the losses will be related to business interruption coverage and cost of expected litigation. Argo expects to incur additional pandemic-related losses and claims in subsequent quarters.