3 March 2014ILS

Argo Re and Horseshoe team up for ILS Fronting partnership

Argo Re and Horseshoe Re have inked a deal to create “a seamless link between the reinsurance and capital markets”.

Drawing on Argo’s underwriting experience and financial strength, coupled with Horseshoe’s expertise in ILS transformation, the partnership will provide the capital markets with a flexible and efficient platform to participate in reinsurance programs requiring coverage from a highly rated reinsurer. The arrangement is exclusive.

Andre Prez, Horseshoe Group’s CEO, says: “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. Argo Re’s expertise in worldwide catastrophe reinsurance underwriting coupled with Argo Group’s financial strength makes them an ideal partner.”

Matthew Wilken, Argo Re president, adds: “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.”