Argo reports Q1 pre-tax catastrophe losses of $47mn
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Argo reports Q1 pre-tax catastrophe losses of $47mn

Argo Group Bermuda logo 2.jpg

Argo is expecting to take a $47mn pre-tax charge from natural catastrophe losses during the first quarter of the year.

On Wednesday, the carrier said claims from Winter Storm Uri in February would likely cost it $43mn during the period, and that it expects to report $4mn in losses from the ongoing Covid-19 pandemic.

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