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Mortgage Impairment / Real Estate Owned

We write mortgage impairment, real estate owned and forced placed business. This is a specialist, niche area that ArgoGlobal has been involved in as a leader for over a decade.


  • Overview

    Mortgage impairment is a specialist contingency class that covers the lenders’ interest if a borrower has failed to adequately insure their property.  

    REO provides cover to banks and other mortgage lenders on repossessed property portfolios.

    Forced placed insurance is sold to mortgage providers to cover their own interests in respect of those borrowers who have failed to purchase their own insurance.

    Our clients range from small community banks through to large multinational institutions.

  • Territories

    95% of our business is US domiciled, with incidental coverage worldwide.

  • Risk appetite

    Our maximum line size is USD 5 million.

  • Distribution

    We write business through a small number of specialist Lloyd’s brokers and coverholders.

  • Our expertise

    This is truly a niche class of business, and one we believe we understand well. Our underwriting team is backed by superior technical capabilities that help us to identify portfolios that are at particular risk. Our experienced claims team adds to our market credibility in this area.


Matthew Stollery
Head of Property, Binding Authorities

Team Biography:

Matthew Stollery

Matt brings over a decade’s underwriting experience, specialising in binding authority business, to his new role. He joins from Ark Syndicate Management where as an underwriter in its Package Programmes division, Matt wrote a leading book of North American Property and Liability Excess & Surplus business, primarily placed through binding authorities. Prior to this, Matt spent eight years at Omega Insurance, where he underwrote a combination of US, UK and international property and liability binding authority business.Matt joined ArgoGlobal in January 2014 as class underwriter, property binding authorities. He has been underwriting both property and general liability binding authorities at Lloyd’s for over 13 years, firstly at Omega Syndicate, and prior to ArgoGlobal, Ark Syndicate. Matt was promoted to Deputy Head of Property - Binding Authorities in 2016. 

DD: +44 (0)20 7712 7621


Joanne Allen
Class Underwriter

Team Biography:

Joanne Allen

Joanne joined ArgoGlobal in January 2016, from Ark Syndicate Management Limited where she served as Property Programmes Underwriter. In this role, she was responsible for the launch and build of the North American Binding Authority division. Her product knowledge and network of coverholder and broker relationships enabled her to rapidly develop a highly successful book of business. Joanne began her career with Wellington Underwriting in 2000, initially as a Risk Modelling Assistant, before quickly moving to the North American Binding Authority team as an Underwriting Assistant.

DD: +44 (0)20 3037 9868
Jill Unsworth
Property Wordings Manager

Team Biography:

Jill Unsworth

Jill has over 20 years insurance experience having joined Argo in September 2013 as Property Wordings Manager and having previously worked for Willis, Marsh and RSA in Canada. In this time she was involved with broking various lines of North American and International business. Jill was also involved in a range of roles at RSA including Senior Underwriter, Senior Internal Auditor and coordinating Enterprise Risk Management for their commercial operations.

Jill graduated from the University of Calgary with a Bachelor of Commerce degree in Insurance and Risk Management. She also holds the designations of Fellow – Chartered Insurance Professional (FCIP) and Certified Risk Manager (CRM).

DD: +44 (0)20 7712 7666
Kevin Hutcheon
Property Claims Manager

Team Biography:

Kevin Hutcheon

Kevin has over 25 years experience dealing with property and liability losses. He started his adjusting career at Xchanging, before joining Wellington Underwriting Agency in September 2001, where he worked on World Trade Center claims. Following Wellington’s merger with Catlin, he continued to occupy a senior property adjuster role, before becoming Property Claims Manager in 2009. Kevin joined ArgoGlobal in November 2010 as the property team’s Senior Claims Negotiator.

DD: +44 (0) 20 7712 7641
M: +44 (0)7833 697 236