Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd.,
ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd. May 13, 2021
ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd.
ArgoGlobal is providing $25 million in underwriting capacity to support the MGA, supporting Tierra Underwriting in transactions that enable a transition to a lower carbon economy. Tierra Underwriting provides long-term credit insurance to support green project finance transactions. Its target clients are banks involved in the financing of projects that are environmentally beneficial and help transition the world to a low carbon future.
“We are excited to be embarking on this partnership with Tierra Underwriting Ltd. at such a vital time in our market’s history,” said Jeremy Shallow, head of Specialty at ArgoGlobal.