Core specialty announces purchase of professional lines business renewal rights and related unearned premium reserve from certain subsidiaries of argo group international holdings, inc.

Cincinnati, jan. 06, 2025 (globe newswire) -- core specialty insurance holdings, inc. (“core specialty”) announced today that core specialty and its subsidiaries have entered into a series of transactions with certain subsidiaries of argo group international holdings, inc. (“argo”) for the purchase of renewal rights and related unearned premium reserve for a substantial portion of argo's professional lines businesses (“argo pro”). argo pro provides professional lines insurance products with primary and excess options on admitted and non-admitted bases to a variety of segmented organizations. the business will complement two of core specialty's divisions: directors & officers management professional liability, led by stephen moore (president) and errors & omissions professional liability, led by jeff jacobs (president).
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