Argo has let the senior tranches of its 2013 Loma Re cat bond mature, as it continues to imply in its latest loss report that the riskiest layer of the deal will take at least a $19.5mn loss, sources said
Private equity firm Stone Point Capital is backing the bid by the founding family of AmTrust to buy out the company's other shareholders and take the beleaguered company private in a $1.37bn transaction.
