17 December 2014News

Deal extends Argo’s PL footprint in US

The US subsidiary of Bermuda re/insurance group Argo Group, has acquired the renewal rights to a professional liability book of business in the US.

Argo Group US, part of the Argo Group, has bought the renewal rights from OneBeacon PL, part of OneBeacon Insurance Group.

It has also hired Kim Noble, the product leader responsible for the business.

Upon renewal of accounts, all policies will be renewed and serviced by Argo Pro—a member of Argo Group that specialises in professional liability products and services, including errors & omissions and management liability.

In conjunction with this acquisition, Kim Noble, product leader and select members of the Lawyers’ Professional Liability Group at OneBeacon, will be joining Argo Pro.

“This acquisition will expand our diverse professional lines capabilities in the US marketplace and bring a broader portfolio of products to our brokers,” said Argo Group US president Kevin Rehnberg. “Kim and the LPL team members bring deep expertise and strong relationships in this market and we’re excited to have them join the Argo team.”