Argo expects $20-25m in Q2 cat losses
Created: Jul 15, 2010 11:00 AM
NEW YORK (Bloomberg) — Argo Group International Holdings Ltd., the Bermuda-based insurer, said second-quarter catastrophes cost $20 million to $25 million before tax.
The losses are from disasters including spring storms in the US and the Deepwater Horizon incident in the Gulf of Mexico, the insurer said today in a statement distributed by Business Wire.