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    ArgoGlobal announces agreement on RITC transaction with RiverStone

    2020-10-12T08:53:00Z

    ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announced a reinsurance-to-close (RITC) transaction with legacy specialist RiverStone. Upon completion of the transaction, RiverStone will undertake an RITC of ArgoGlobal’s Syndicate 1200 for 2017 and prior years with net technical provisions of £356 million.