ArgoGlobal buys Asian marine hull book

Lloyd's insurer ArgoGlobal has acquired the renewal rights
for Allied World's marine hull business in Asia.
The business is part of the Singapore and Hong Kong book Allied
World bought from RSA for $193mn in April this year.
The transaction completed on 5 August.
Michael Garrison, head of insurance at Allied World Asia
Pacific, said an extensive evaluation of the overall Asia Pacific
portfolio had identified the marine hull book as non-core to the
carrier's strategic vision for the region....