Argo Group International Holdings, an underwriter of specialty insurance and reinsurance products, has launched Alteris, a new services-oriented, complete solutions provider for managing general agency community.
According to Argo, Alteris will now be able to offer clients a range of risk solutions for specialty programs and alternative risks. Alteris will operate through four business divisions: Trident Insurance Services, Alteris Public Risk Solutions, Alteris Alternative Risk Solutions, and Alteris Commercial Programs.
In conjunction, the company has named Hilbert “Van” Schenck, current president of Trident, CPCU, to lead the new company.
Alteris will offer managing general agencies and carriers access to a full range of services in the US, including program placement, underwriting, administration and policy systems solutions, and also claims services, risk management and safety consultation.
In addition, it will provide access to reinsurance solutions for commercial lines of coverage including liability, property and workers’ compensation, and financial solutions for agents and program managers seeking to acquire additional capital and credit capacity.
Mark Watson, CEO of Argo Group, said: “The introduction of Alteris is consistent with Argo Group’s strategy to differentiate itself from other US specialty insurers. This innovative approach strengthens Argo Group’s position in the MGA community, allowing us to leverage resources we already have within the organization, to grow organically and to maintain a broader market reach through the cycle.”
Mr Schenck said: “Alteris is a reflection of Argo Group’s commitment to listen to our clients and understand their business. This new business model will give clients better access to the products and services they need through a full-service national distribution network.”