LONDON – 23 January 2019 – Waypoint Underwriting Management, LLC today announced it has obtained coverholder approval to underwrite Accident and Health (A&H) products on behalf of ArgoGlobal Syndicate 1200 at Lloyd’s. Waypoint is a specialty managing general underwriter that offers insurance and reinsurance solutions to clients in the U.S.
“This is great news for us and our clients, as it gives us added capacity and capabilities in our target markets. Becoming an approved coverholder at Lloyd’s also reflects the high quality of our team,” said Joe Horan, Waypoint managing partner.
For ArgoGlobal, the move represents an expansion of the company’s footprint in North America. ArgoGlobal A&H Class underwriter Adam Zawia commented: “We are excited to work with Waypoint to expand ArgoGlobal’s access to A&H expertise in the U.S. Waypoint has a proven track record in delivering profitable business, and the underwriter will complement Argo’s high-quality team in London.”
ArgoGlobal, currently ranked by Lloyd’s as top quartile for claims management, specializes in writing worldwide A&H, as well as property, marine, energy, specialty and non-U.S. liability insurance.
“We’re delighted that Lloyd’s has approved us as a coverholder, enabling us to work alongside ArgoGlobal’s impressive team,” added Jason Denechaud, Waypoint managing partner. “The approval represents another important step forward in our continuing product diversification and growth.”
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ABOUT WAYPOINT UNDERWRITING MANAGEMENT, LLC
Waypoint Underwriting Management, LLC is a specialty reinsurance platform operating primarily in the United States. The value of the firm lies with an executive team that has started, owned and run multiple reinsurance platforms over the last 25 years. Additional information can be found on the company’s website or by contacting Waypoint at +1 908 367 3932 or [email protected].
ABOUT ARGOGLOBAL
ArgoGlobal is the trading brand of Syndicate 1200 at Lloyd’s, managed by Argo Managing Agency Ltd. The Syndicate offers worldwide property, marine, energy, specialty and non-U.S. liability insurance. Market-leading expertise, knowledge, an innovative approach and focus on its customers, together with the substantial resources, financial strength and international scope of the Argo Group, support ArgoGlobal’s position as a leading player in the Lloyd’s Market. For more information, visit www.argo-global.com.
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NYSE: ARGO) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group’s insurance subsidiaries are A.M. Best-rated ‘A’ (Excellent) (third highest rating out of 16 rating classifications) with a stable outlook, and Argo Group’s U.S. insurance subsidiaries are Standard and Poor’s-rated ‘A-‘ (Strong) with a positive outlook. More information on Argo Group and its subsidiaries is available at www.argolimited-stage.com.
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