Argo in cargo move

Lloyd's insurer Argo International has added marine cargo to its portfolio.

Nick Derrick has been appointed as class underwriter to lead the new business, which will be written within Argo International Syndicate 1200.

Derrick moves to Argo from Chubb Insurance Company of Europe, where he was most recently international cargo manager.

In this role, he was responsible for an international marine cargo portfolio and specialized in oil majors and project cargos. He is currently the deputy chairman of the Joint Cargo Committee.

In his role at Argo International, Derrick will develop the marine cargo account and recruit specialists within the cargo team.

"We are pleased to continue our growth and development with the addition of a new class of business as well as one of the market’s leading figures to lead it,” Argo International chief executive Julian Enoizi said. “This development enables us to further diversify our business, whilst building our specialist offering.”