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ARGO - Argo expects $47M catastrophe losses for Q1
Argo Group International Holdings Ltd.
Argo Group (ARGO) announces that its Q1 2021 will be adversely affected by estimated catastrophes losses of approximately $47M.Company expects to report natural catastrophe losses of approximately $43M in the first quarter, primarily related to Winter Storm Uri and $4M due to Covid-19 related contingency exposuresApproximately half of natural catastrophe losses are attributable to International Operations, which includes losses related to Ariel Re that was sold during 2020.