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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.

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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

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