Argo Group Says U.S. Storms Cost Insurer Up to $35 Million

Argo Group International Holdings Ltd. (AGII), the Bermuda-based insurer, said U.S. storms in the second quarter cost the company $30 million to $35 million.

The insurer doesn’t expect material changes from its estimates of first-quarter catastrophe losses, according to a Business Wire statement today from Argo.

To contact the reporter on this story: Brooke Sutherland in New York at bsutherland5@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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