Argo teams up with Horseshoe to strengthen ILS offerings
Bermuda reinsurer Argo Re plans to team up with insurance-linked securities (ILS) experts Horseshoe Re Ltd to expand its reinsurance product offerings.
Horseshoe Re is a member of Bermuda-based Horseshoe Group, a leader in innovative solutions for the reinsurance marketplace.
Argo said the exclusive arrangement builds upon Horseshoe Re's recognised expertise in ILS transformation and Argo Re's depth of underwriting experience and financial strength to create a seamless link between the reinsurance and capital markets.
“This innovative combination will provide ILS funds and other capital market investors with a flexible and efficient platform to participate in reinsurance programmes that require coverage from highly rated reinsurance carriers,” Argo stated today.
Argo Re is the reinsurance unit of Argo Group International Holdings Ltd.
“Given the limited number of reinsurers available to support programmes at this level in the ILS market, we saw an opportunity to address this need,” said Horseshoe Group CEO Andre Perez. “Argo Re's expertise in worldwide catastrophe reinsurance underwriting coupled with Argo Group's financial strength makes them an ideal partner.”
Argo Re president Matthew Wilken said: “We are delighted to strengthen the long-term trading relationship we have developed with the Horseshoe Group in search of ever more effective reinsurance solutions for our mutual customers.”