Argo's Q4 operating loss deepens on LPT charge
The charge for the loss portfolio transfer deal with Enstar sees Argo’s quarterly underwriting loss deepen to $133.8m from $109m, while the group’s combined ratio deteriorates 15.8 points to 138.2%
Bermuda-based carrier books $100m charge in connection with a loss portfolio transfer deal with Enstar but underlying combined ratio improves on lower adverse development