About Us

Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

A Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Social Media

Bluesky • Facebook • Instagram • LinkedIn • YouTube

Meet the Laser Focus World Team

Editorial

Sales

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology
My Watchlist
Indicators
Industrial Laser Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Core Specialty Announces Purchase of Professional Lines Business Renewal Rights and Related Unearned Premium Reserve from Certain Subsidiaries of Argo Group International Holdings, Inc.

By: via GlobeNewswire
  • Will enhance growth of Core Specialty’s D&O Management Professional Liability and E&O Professional Liability Divisions
  • Subject Professional Lines business had in-force gross premiums written of $155 million as of December 1, 2024
  • Transaction to include hiring of designated employees

CINCINNATI, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Core Specialty Insurance Holdings, Inc. (“Core Specialty”) announced today that Core Specialty and its subsidiaries have entered into a series of transactions with certain subsidiaries of Argo Group International Holdings, Inc. (“Argo”) for the purchase of renewal rights and related unearned premium reserve for a substantial portion of Argo’s professional lines businesses (“Argo Pro”). Argo Pro provides professional lines insurance products with primary and excess options on admitted and non-admitted bases to a variety of segmented organizations. The business will complement two of Core Specialty’s divisions: Directors & Officers Management Professional Liability, led by Stephen Moore (President) and Errors & Omissions Professional Liability, led by Jeff Jacobs (President).

As part of the transaction, Core Specialty has agreed to (1) enter into an Unearned Premium Quota Share Reinsurance Agreement whereby Core Specialty will reinsure a portion of the unearned premium reserve applicable to Argo Pro’s lines of business, as of January 1, 2025, net of applicable reinsurance, with a ceding commission equal to the unamortized DAC balance as of that date; and (2) enter into a Business Transfer Agreement providing for the payment of a Renewal Rights Commission by Core Specialty to Argo for the in-force policies as of January 1, 2025 that Core Specialty renews.

The following lines of business are included in the Renewal Rights transaction:

  • Management Liability – Private, Financial Institutions and Management Liability – Public all of which will be renewed into Core Specialty’s Directors & Officers Management Professional Liability Division. Core Specialty will offer renewal policies for these product lines originated by wholesale brokers including admitted and non-admitted policies and for these product lines originated by retail brokers including non-admitted policies.  
  • Architects and Engineers Professional Liability, Accountants Professional Liability, and Miscellaneous Professional Liability all of which will be renewed into Core Specialty’s Errors & Omissions Professional Liability Division. Core Specialty will offer renewal policies for these product lines originated by wholesale brokers including admitted and non-admitted policies and for these product lines originated by retail brokers including non-admitted policies.  
  • Lawyers Professional Liability which will be renewed into Core Specialty’s Errors & Omissions Professional Liability Division. Core Specialty will offer renewal policies for this product line originated by wholesale brokers including admitted and non-admitted policies and for this product line originated by retail brokers including admitted and non-admitted policies.

Core Specialty will not acquire any insurance company entities, and the transaction does not include loss reserves associated with Argo Pro which will be retained by Argo. Core Specialty and Argo will work together to ensure all policyholders continue to receive industry leading products and services, and to align the operations in the best interests of customers, agents, brokers, and employees. Designated employees currently servicing Argo Pro have been offered employment with Core Specialty as part of the transaction.

Core Specialty expects the transaction to be accretive to its earnings per share and return on equity in 2025.

Jeff Consolino, Core Specialty’s Founder, President, and Chief Executive Officer, said, “Core Specialty’s underwriting appetite, ratings, financial strength, and capital resources are well aligned to provide continuity to Argo Pro’s insureds and brokers. In a period of change in the D&O and E&O markets, Core Specialty is seeking to distinguish itself through our ‘bring it on’ attitude, quick action with intent, problem solving with expertise and personal accountability. I would like to welcome our new colleagues to Core Specialty.”

About Core Specialty

Core Specialty offers a diversified range of specialty insurance products for small to mid-sized businesses. From its underwriting offices spanning the U.S., the company focuses on niche markets, local distribution, and superior underwriting knowledge; offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. Core Specialty is an insurance holding company operating through StarStone Specialty Insurance Company, a U.S. excess & surplus lines insurer, StarStone National Insurance Company, Lancer Insurance Company, Lancer Insurance Company of New Jersey and American Surety Company, each of which is a U.S. admitted markets insurer, and Standard Life and Accident Insurance Company, a life, accident and health insurer. For further information about Core Specialty, please visit www.corespecialty.com.


Contact:
Bobbi Sue Morrison
(513) 823-9316
bobbisue.morrison@corespecialty.com

Primary Logo

More News

View More
FICO’s Big Dip Could Be the Best Buying Chance of the Year
Via MarketBeat
Tickers EFX FICO
D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
Via MarketBeat
Tickers QBTS RGTI
Datavault: A Speculative AI Play, But Beware of Volatility
Via MarketBeat
Topics Artificial Intelligence
Tickers DVLT IBM SCLX
Traders Are Piling Into Suncor Call Options—Should You?
Via MarketBeat
Topics World Trade
Tickers SU
Delta Air Lines Stock Looks Ready to Fly to New Highs
Via MarketBeat
Tickers DAL
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.