Insight and Intelligence on the London & International Insurance Markets 18 Mar 2018

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Harambee Re sidecar renewed by Argo

  • Lucy Jones 15 January 2018
  • Argo Group has renewed its Harambee Re sidecar for 2018 but did not reveal its size.

    The company's former reinsurance buyer Mark Gibson, who originally set up the vehicle in 2013, moved to Neon last year.

    This year the vehicle will provide additional catastrophe capacity for property portfolios written by Ariel Re, which Argo acquired in the first quarter of 2017 and now uses as its reinsurance platform.

    Harambee Re previously took a share of property reinsurance and insurance written...

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