15 severe weather events in the U.S. caused up to $18m losses to Argo

Bermuda property and casualty insurer Argo Group said that for the three months ended June 30, 2008, it expects to report approximately $16 million to $18 million of pre-tax losses attributable to 15 severe U.S. weather events that were reported during the second quarter of 2008. For the same quarter of 2007, pre-tax losses attributable to six severe U.S. weather events were $3.1 million.