Argo

The move comes after Argo Pro announced it will exit professional lines.

The executive also served as CCO at Aspen before moving to Vantage.

Around $155m of the businesses in-force gross premium will be transferred to Core Specialty.

The company is not contemplating any other major structural changes.

The business – which writes professional liability, excess casualty and property - was marketed by investment bank RBC.

He brings 23 years of insurance industry experience.

Julie Saunders is Argo’s fifth recent senior hire.

Argo will initially front the business under a 100% quota agreement with ASU.

The executive expects the Bermudian to start onboarding programs later in 2024 or early in 2025.

“Unfortunately, it's a situation of getting rate to fund [the litigation costs] and being able to stay in the market long term,” Taylor told Insurance Insider US in an interview.

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In tandem, the Bermudian promoted David Corry and Greg Chilson to heads of casualty and professional lines, respectively.