Argo picks up OneBeacon lawyers’ liability business
A US subsidiary of Bermuda-based Argo Group International Holdings, Ltd has agreed to buy the the renewal rights of OneBeacon's Lawyers' Professional Liability (LPL) book of business, effective January 1, 2015.
Upon renewal of accounts, all OneBeacon LPL policies will be renewed and serviced by Argo Pro — a member of Argo Group that specialises in professional liability products and services, including Errors & Omissions and Management Liability.
In conjunction with this acquisition, Kim Noble, product leader and select members of the Lawyers' Professional Liability Group at OneBeacon, will be joining Argo Pro.
“This acquisition will expand our diverse professional lines capabilities in the US marketplace and bring a broader portfolio of products to our brokers,” said Argo Group US president Kevin Rehnberg.
“Kim and the LPL team members bring deep expertise and strong relationships in this market and we're excited to have them join the Argo team.”