Bermuda-based re/insurer Argo Group International Holdings Ltd. has announced the formation of Alteris, Inc., a services-oriented, complete solutions provider for the managing general agency community.

Through an integrated new business platform, Alteris is able to offer clients a broad array of exclusive risk solutions for specialty programmes and alternative risks.

Alteris will operate through four business divisions: Trident Insurance Services, Alteris Public Risk Solutions, Alteris Alternative Risk Solutions, and Alteris Commercial Programs. Current Trident president Hilbert (Van) Schenck will lead the new company.

"The introduction of Alteris is consistent with Argo Group's strategy to differentiate itself from other US specialty insurers," said Argo CEO Mark Watson.

"We see an opportunity to provide MGAs with a continuum of value-added services, specialty programs and alternative risk solutions. This innovative approach strengthens Argo Group's position in the MGA community, allowing us to leverage resources we already have within the organisation, to grow organically and to maintain a broader market reach through the cycle."

"Alteris is a reflection of Argo Group's commitment to listen to our clients and understand their business," said Mr. Schenck.

"This new business model will give clients better access to the products and services they need through a full-service national distribution network."

Alteris will offer managing general agencies and carriers access to a full range of services in the US, including programme placement, underwriting, administration and policy systems solutions, as well as claims services, risk management and safety consultation.

Alteris also will provide access to reinsurance solutions for commercial lines of coverage including liability, property and workers' compensation, and financial solutions for agents and programme managers seeking to acquire additional capital and credit capacity.