As a Managing General Agent (MGA), we currently have underwriting authority of Baloise and Argenta.
Baloise Belgium nv is a top 4 Non-Life insurer and market leader in Belgium in Marine and Transportation insurances. Baloise Belgium nv has an A+ rating (Stable Outlook) from S&P. Its 2020 Net Combined Ratio was 90.9% with a premium turnover of €2 billion and pre-tax profits of €229.6 million.
Argenta Holdings Plc, owner of Argenta Syndicate Management (ASML), is a 100% subsidiary of Hannover Re. Argenta Syndicate 2121 is capitalized by Hannover Re and other thirdparty providers of capital. Argenta Syndicate 2121 has an A+ rating from Standard & Poor’s and an A rating from A.M. Best. Hannover Re (50.2% shareholder Talanx A.G.) is among the top 3 reinsurers worldwide with a gross premium of more than €24 billion (2020) and excellent financial ratings (Standard & Poor’s AA- and A.M. Best A+).