Renewal rights

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has acquired the renewal rights for Allied World’s marine hull business in Asia. David Lang, chief operating officer of ArgoGlobal, said: “Our Asian business has grown from strength to strength and is a central pillar in our long-term strategy. We have identified clear scope to develop our offering in Singapore, both in marine and across our suite of products, and this transaction is an important step. Clients and brokers will continue to receive an exceptional level of service and we look forward to maintaining and developing these mutually beneficial relationships.”