Construction defect book caused ~60% of adverse development: Argo
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Construction defect book caused ~60% of adverse development: Argo

Farhin Lilywala
February 23, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
argo-logo-in-bermuda-with-kevin-rehnberg.jpg

Argo CEO Kevin Rehnberg attributed more than half of the company’s surprise 2021 reserve charge to construction defect claims in Argo’s US operations in 2017 and prior. 

The executive added that many of those businesses have been discontinued or “significantly remediated,” speaking on the firm’s Q4 earnings call.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsArgoResultsConstruction
farhin lilywala 2024 ii us 2.png
Farhin Lilywala
Associate Editor
Contact
Gift this article