Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products, has become a member and network partner of GBN, the world’s insurance network of leading re/insurers, independent brokers and specialty suppliers, which operates in more than 140 countries. Brokers and local insurance companies grant partners mutual market access through the world’s disparate regulatory regimes and adhere to shared high-level compliance and service standards.
With GBN’s focus on digital commerce, Argo will be able to provide instant and efficient client services around the globe, especially in under-served emerging markets. Local clients and those with multinational operations can now obtain country-specific coverages through a single point of contact, eliminating the need to manage multiple intermediary relationships.
The move supports Argo’s digital strategy and presents significant opportunities for the company to source high-quality new business. Through the Connect Marketplace platform, a Lloyd’s-recognized electronic placement system, GBN members are able to transact specialty business from every region, around the clock.
Ewelina Kudla, Head of International Marketing & Producer Management at ArgoGlobal, said: “Becoming part of GBN provides us with significant distribution opportunities and extends our global reach in a single step. Connect Marketplace, a Lloyd’s-recognized digital placing platform, gives us an unparalleled virtual presence around the world, which will benefit our existing and prospective clients.”
Jamil Bahou, GBN’s founder and chairman, added: “I am extremely pleased to welcome Argo as a member of GBN Worldwide at a global level. We have a shared vision when it comes to digital distribution, and through their interaction with GBN Members and their virtual presence on the Connect Marketplace platform, we can help them grow their distribution with access to low-limit, high-volume specialty business, not typically seen in the Lloyd’s and London markets.”
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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.com.
ABOUT GBN WORLDWIDE
GBN is the World’s Insurance Network®, an eco-system made up of the world’s leading (re)insurers, independent brokers and specialty suppliers. With more than 120 members and the ability to place business in over 140 countries, GBN Worldwide enables its members to transact international business anytime, anywhere and in every language.
For media inquiries, please contact:
Argo Group International Holdings, Ltd.
Tel +1 210 366 5613
GBN Worldwide Limited
Tel +44 207 680 2467