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Argo Group to sell contract binding P&C renewal rights

August 27, 2021


Argo Group International Holdings, an underwriter of specialty insurance, has announced an agreement to sell the renewal rights of its contract binding property and casualty business to Mesa Underwriters Specialty Insurance Company (MUSIC), the excess and surplus lines subsidiary of Selective Insurance Group. The terms of the transaction were not disclosed.

“This transaction supports the company’s strategy to simplify the business,” said Marsh Duncan, president of excess and surplus for Argo Group. “We are pleased to have reached an agreement that provides a smooth transition for our brokers and insureds.”

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