{"id":1205,"date":"2020-10-12T14:55:00","date_gmt":"2020-10-12T13:55:00","guid":{"rendered":"http:\/\/localhost\/?p=1205"},"modified":"2023-01-22T14:43:12","modified_gmt":"2023-01-22T14:43:12","slug":"exclusive-agreement-with-argo-global-to-complete-a-reinsurance-to-close-ritc-transaction","status":"publish","type":"post","link":"https:\/\/www.rsml.co.uk\/2020\/10\/exclusive-agreement-with-argo-global-to-complete-a-reinsurance-to-close-ritc-transaction\/","title":{"rendered":"Exclusive agreement with Argo Global to complete a reinsurance-to-close (RITC) transaction"},"content":{"rendered":"\n<p>RiverStone UK is pleased to announce that we have entered into an exclusive agreement with <strong>Argo Global<\/strong>, the Lloyd\u2019s insurer and member of\u202fArgo Group, to complete a reinsurance-to-close <strong>(RITC) transaction of the 2017 and prior years of account for Syndicate 1200.<\/strong>&nbsp;<br>&nbsp;<br>Upon completion, RiverStone UK will undertake the RITC\u202fof ArgoGlobal\u2019s Syndicate 1200 for 2017 and its prior years\u202fwith net technical provisions of \u00a3356M.<\/p>\n\n\n\n<p>The transaction is expected to receive regulatory approval in the fourth quarter of 2020, with the RITC becoming effective on 1 January 2021.<\/p>\n\n\n\n<p>\u201cWe are\u202fvery pleased that\u202fArgo has selected RiverStone as their partner for this transaction.\u201d said Luke\u202fTanzer,\u202fRiverStone\u2019s\u202fUK\u202fManaging\u202fDirector. \u201cWe have worked closely with Argo to ensure their strategic objectives are achieved through this transaction, and we will ensure Argo\u2019s insureds continue to receive the highest possible level of service. This signing reinforces RiverStone\u2019s competitive edge and outstanding reputation in the market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RiverStone UK is pleased to announce that we have entered into an exclusive agreement with Argo Global, the Lloyd\u2019s insurer and member of\u202fArgo Group, to complete a reinsurance-to-close (RITC) transaction of the 2017 and prior years of account for Syndicate 1200.&nbsp;&nbsp;Upon completion, RiverStone UK will undertake the RITC\u202fof ArgoGlobal\u2019s Syndicate 1200 for 2017 and its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-1205","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exclusive agreement with Argo Global to complete a reinsurance-to-close (RITC) transaction - 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