GlobalOptions Partners with Argo Group US to Enhance SIU Capabilities

GlobalOptions has entered into a formal agreement with Argo Group US, Inc. to provide Special Investigations Unit (SIU) services, which includes regulatory compliance, fraud training and reporting, and the investigation and identification of suspected fraudulent insurance activities. GlobalOptions will serve as the SIU provider for Argo Group US and its 12 subsidiaries, handling the complex and critical task of detecting and preventing insurance fraud.

The partnership between GlobalOptions and Argo Group US underscores the growing importance of robust SIU capabilities in the insurance industry. By leveraging GlobalOptions' expertise and innovative SIU solutions, Argo Group US aims to effectively respond to SIU regulatory requirements and enhance its fraud identification and investigation efforts.

Key Takeaways:

• GlobalOptions has entered into a formal agreement with Argo Group US to provide SIU services for 12 subsidiaries.
• The partnership aims to enhance Argo Group US's fraud compliance and investigation process.
• GlobalOptions will handle regulatory compliance, fraud training and reporting, and the investigation and identification of suspected fraudulent insurance activities.
• Frank Pinder, President and CEO of GlobalOptions, emphasized the company's resources and experience in supporting Argo Group US's fraud compliance and investigation process.
• Barbara Sutherland, Senior Vice President, General Counsel and Chief Claims Officer for Argo Group US, praised GlobalOptions as the clear leader in developing innovative SIU solutions.

Statistics:

• Argo Group US, Inc. has 12 subsidiaries that will benefit from GlobalOptions' SIU services.
• GlobalOptions will handle SIU-related tasks for Argo Group US and its subsidiaries.
• Argo Group US's insurance subsidiaries are A.M. Best-rated 'A' (Excellent) with a stable outlook.
• Argo Group's U.S. insurance subsidiaries are Standard and Poor's-rated 'A-' (Strong) with a stable outlook.