Argo Re definition

Argo Re means Argo Re Ltd., a Bermuda exempted company limited by shares and licensed as a Class 4 insurer pursuant to the Bermuda Insurance Act 1978 and its related regulations, as amended.

Examples of Argo Re in a sentence

  • Elsewhere, to further boost production in our International Specialty segment, we will transition our Argo Re operation in Dubai to our Syndicate 1200 segment in 2016.

  • The BMA acts as insurance supervisor for Argo Re and Group supervisor for Argo Group.

  • Subsequent to year-end, on March 12, 2021, A.M. Best revised Argo Group’s outlook to stable from negative and affirmed the Financial Strength Rating of “A-” (Excellent) and the Long-Term Issuer Credit Ratings (“Long-Term ICR”) of “a-” of Argo Re Ltd.

  • Credit Rating Agency Action On February 26, 2020, A.M. Best Company (“A.M. Best”) downgraded the Company’s financial strength rating from “A” (Excellent) to “A-” (Excellent) and the Long-Term Issuer Credit Ratings (“Long-Term ICR”) to “a-” from “a” of Argo Re and its subsidiaries.

  • Identification of any non-compliance with the Minimum Margin of Solvency and the ECR There have been no incidents of Argo Group or Argo Re non-compliance with the Minimum Solvency Margin or Enhanced Capital Requirement during YE2019.

  • Argo Re, the Bermuda Class 4 risk bearing entity, is not licensed or admitted as an insurer in any jurisdiction other than Bermuda.

  • Under the respective systems applied to Argo Re as (re)insurer and Argo Group as an Insurance Group supervised by the BMA, all capital instruments at Argo Group and Argo Re are classified as either basic or ancillary capital, which in turn are classified into one of three tiers based on their “loss absorbency” characteristics.

  • Because many jurisdictions do not permit insurance companies to take credit for reinsurance obtained from unlicensed or non-admitted insurers in statutory financial statements unless appropriate security is in place, Argo Re anticipates that its reinsurance clients will typically require it to post a letter of credit or other collateral for incurred losses.

  • This instrument has no approval for Argo Re. The Bermuda Monetary Authority recognized these legacy hybrid capital instruments under Insurance (Group Supervision) Rules 2011 and the Insurance (Eligible Capital) Rules 2012.

  • Insurer: Argo Re. Ltd.b. Name and contact details of the insurance supervisor and group supervisorRalf KuerzdoerferAssistant Director, Insurance Supervision Jurisdiction: BermudaEmail: rkuerzdoerfer@bma.bm Phone +1 (441) 278 0698c.

Related to Argo Re

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Xxxxx Fargo Securities means Xxxxx Fargo Securities, LLC.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • Asset Manager means the manager of each of the Series Assets as specified in each Series Designation or, its permitted successors or assigns, appointed in accordance with Section 5.10.

  • LLC means Limited Liability Company.

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).

  • Warburg Pincus CS", "CSAM", "Credit Suisse" or "Credit Suisse Warburg Pincus".

  • Co-Issuer means the Person named as the “Co-Issuer” in the first paragraph of this Indenture, until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Co-Issuer” shall mean such successor Person.

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • First Union means First Union National Bank, a national banking association, and its successors.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Foothill means Foothill Capital Corporation, a California corporation.

  • Wachovia means Wachovia Bank, National Association, a national banking association, and its successors.

  • Capital One means Capital One, National Association.

  • Managing General Partner means the managing general partner of the Merging Entity where such Merging Entity is a limited partnership.

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • PHH means PHH Corporation, a Maryland corporation.

  • Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018, 18 April 2020, 16 June 2020 and as further amended and restated on 30 April 2021 made between Santander UK plc (1) Abbey Covered Bonds LLP (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties).

  • Citigroup means Citigroup Global Markets Inc.

  • Private Capital means, if the Issuer is Matching Private Investment Supported (as defined in the Definitive Agreement), the equity capital received by the Issuer or the applicable Affiliate of the Issuer from one or more non-governmental investors in accordance with Section 1.3(m) of the Definitive Agreement.

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.