Bermudian insurer/reinsurer...
... Argo Group International Holdings has posted an 18% drop in first-half net income as a 49% rise in earned premiums to $715.6m was offset by a 49% increase in claims losses, acquisition costs and other expenses to $724.2m. Also cutting into earnings were $21m in net realized investment losses against year-ago gains of $100,000. Argo Group’s H1 combined ratio fell to 96% from 97.7%.