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.
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Luxury cars repossessed from high roller over unpaid debts
20 Feb, 2021 04:00 PM
5 minutes to read
Gerard Peters has had several cars repossessed by creditors. Photo / Supplied
An Auckland businessman who gained notoriety after his $400,000 Lamborghini was towed because he misused a disabled parking spot has had the luxury car repossessed and sold over unpaid debts. Gerard Peters, 30, hit headlines in 2015 after his $400,000 Lamborghini was photographed in a disabled parking spot at West Auckland shopping complex LynnMall.
While Peters was able to pay that $400 parking fine and reclaim his vehicle, more recent - and substantial - debts have seen that Lamborghini and five other luxury cars he owned seized and sold to satisfy short-changed creditors.