Up-for-sale Argo’s Q3 CoR rises 0.8 points to 101.1%
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Up-for-sale Argo’s Q3 CoR rises 0.8 points to 101.1%

Jairo Ibarra
November 07, 2022
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Argo’s Q3 combined ratio increased 0.8 points to 101.1% as a reserve charge in its US operation and margin deterioration in its international division impacted its underwriting performance, despite lower cat losses in the quarter.

The specialty insurer booked $11.9mn in net adverse prior-year reserve development, up from $6.2mn last year, fueled by a $16.2mn

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Jairo Ibarra
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