Argo to take fourth-quarter hit from catastrophe losses – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Argo to take fourth-quarter hit from catastrophe losses

Argo Group International Holdings Ltd expects to book about $38 million in natural catastrophe losses in its fourth-quarter earnings.

The Bermudian-based insurer expects to take an additional $13 million hit from net losses in relation to the Covid-19 pandemic.

Hurricanes Delta and Zeta were the main drivers of the natural catastrophe losses, Argo said, as well as changes in estimated losses from third-quarter events.

The company is scheduled to release its 2020 fourth quarter financial results after the close of US financial markets on February 17.

You must be registered or signed-in to post comment or to vote.

Published February 03, 2021 at 1:17 pm (Updated February 03, 2021 at 1:17 pm)

Argo to take fourth-quarter hit from catastrophe losses

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon