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Argenta Holdings Limited

Important Notice

Argenta Group’s Response to the Coronavirus Outbreak

In order to protect staff and their families, the Argenta Group has instructed staff to work from home until further notice.

Argenta Syndicate 2121 at Lloyd’s underwrite a number of non-investment insurance contracts through a network of coverholders. If Argenta Syndicate 2121 at Lloyd’s is shown as the insurer in your policy documentation and you are experiencing temporary financial difficulty as a result of COVID-19, please contact your broker in the first instance or the coverholder through whom the policy was issued. In certain circumstances, appropriate adjustments to cover may be available.

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FCA Test Case Update - Supreme Court Judgment

On Friday 15 January 2021 at 9.45am, the Supreme Court handed down its judgment in the appeal of the business interruption insurance Test Case initiated by the Financial Conduct Authority (FCA). The full judgment is available on the Supreme Court’s website and on the FCA’s website.

The appeal was brought before the Supreme Court by the FCA, six Defendant insurers (including Argenta Syndicate Management Limited) and the Hiscox Action Group in respect of the High Court’s judgment dated 15 September 2020.

In summary, the Supreme Court has found in favour of the FCA acting on behalf of policyholders in relation to the Argenta Syndicate Management Limited wordings which were subject to the Test Case. The judgement represents the Final Resolution of the Test Case. Argenta Syndicate Management Limited respects the Supreme Court judgement and welcomes the clarity it has brought in this unprecedented situation. In line with the FCA’s Finalised Guidance, Argenta Syndicate Management Limited will proceed to apply the Supreme Court’s judgment in respect of all policyholders’ claims or complaints which remain outstanding.

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Important Notice

Lloyd’s Brexit Transfer

Lloyd’s has provided further information for policyholders on its Part VII transfer to Lloyd’s Brussels.

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