Lloyd’s insurer ArgoGlobal has announced that its Syndicate 1200 will exit underwriting operations in Asia, as well as most of its hull underwriting business within the syndicate.
Meanwhile, all existing policies remain valid and the company will manage claims handling through its London operation, ArgoGlobal said in a statement. The Asia business accounted for less than 3% of Syndicate 1200’s gross written premium (GWP) in 2018.
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