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Argo Group Issues $0.31 Cash Dividend

Argo Group Issues $0.31 Cash Dividend

Argo Group International Holdings, Ltd. announced today that the Board of Directors declared a quarterly cash dividend of $0.31 per share on the company’s common stock. The cash dividend will be paid on June 4, 2021 to all common shareholders of record on May 21, 2021. Related StoriesArgo Comments On Results For Fourth Quarter Argo... Read more of this article

Argo Group Reports 2021 First Quarter Results

Argo Group Reports 2021 First Quarter Results

Argo Group International Holdings announced financial results for the three months ended March 31, 2021. Argo reported first quarter 2021 net income attributable to common shareholders of $27.2 million or $0.78 per diluted common share, compared to a net loss attributable to common shareholders of $24.7 million or $[0.72] per diluted common share for... Read more of this article

Argo Expect $47 Million In Catastrophe Losses

Argo Expect $47 Million In Catastrophe Losses

Argo Group International Holdings, Ltd. announced that its “results for the first quarter of 2021 will be adversely affected by estimated catastrophes losses of approximately $47 million.” The company said, “Argo expects to report natural catastrophe losses of approximately $43 million in the first quarter, primarily related to Winter... Read more of this article

Argo Group To Hold AGM In Virtual Format

Argo Group To Hold AGM In Virtual Format

Argo Group International Holdings announced that “due to the recent increase in Covid-19 infection rates in Bermuda, and the resulting mandatory stay-at-home order from the Bermuda government, the Company will not hold its 2021 Annual General Meeting in Bermuda and will instead be holding it in a virtual format only.” “The Annual... Read more of this article

Argo Group Announces Board Retirements

Argo Group Announces Board Retirements

Argo Group International Holdings announced the retirements of Kathleen Nealon and John Tonelli from the board of directors effective immediately following the company’s Annual General Meeting scheduled for May 6, 2021. Following this meeting, the size of company’s board will be reduced to 9 directors. “On behalf of the entire board, I would... Read more of this article

AM Best Revises Argo Group Outlook To Stable

AM Best Revises Argo Group Outlook To Stable

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” of Bermuda-based Argo Re and its subsidiaries. A statement from the ratings agency said, “AM Best also has revised the outlooks to stable from negative and affirmed the Long-Term... Read more of this article

Argo Group Reports 2020 Fourth Quarter Results

Argo Group Reports 2020 Fourth Quarter Results

Argo Group International Holdings  announced financial results for the three months and year ended December 31, 2020. Argo reported a fourth quarter 2020 net loss attributable to common shareholders of $19.7 million or $[0.57] per diluted common share, compared to a net loss attributable to common shareholders of $103.3 million or $[3.01] per diluted... Read more of this article

Argo Group Issues $0.31 Cash Dividend

Argo Group Issues $0.31 Cash Dividend

Argo Group International Holdings, Ltd. announced that the Board of Directors declared a quarterly cash dividend of $0.31 per share on the company’s common stock. The cash dividend will be paid on March 12, 2021 to shareholders of record on February 26, 2021. Related StoriesArgo Comments On Results For Fourth Quarter Argo... Read more of this article

Scott Kirk Joins Argo As Chief Financial Officer

Scott Kirk Joins Argo As Chief Financial Officer

Argo Group International Holdings announced that Scott Kirk has been appointed as chief financial officer, effective March 1, 2021. “Scott’s deep expertise in the specialty insurance business and vast experience in finance is a strong fit for Argo as we look to pursue profitable growth and increased shareholder value,” said Argo Group Board Chairman... Read more of this article

Argo Announces 2020 Q4 Estimated Losses

Argo Announces 2020 Q4 Estimated Losses

Argo Group International Holdings announced that its results for the fourth quarter of 2020 will be “adversely affected by estimated losses related to various natural catastrophe events and the continued impact of the COVID-19 pandemic.” A spokesperson said, “Argo expects to report natural catastrophe losses of approximately $38 million... Read more of this article

Argo Announces Sale Of Its Italian Business

Argo Announces Sale Of Its Italian Business

Argo Group International Holdings, Ltd. announced an agreement to sell its Italian operations , ArgoGlobal Assicurazioni S.p.A [AGA] to Perfuturo Capital AG. A spokesperson said, “Argo Group International Holdings, Ltd. [ARGO], an underwriter of specialty insurance products, today announced an agreement to sell its Italian operations, ArgoGlobal... Read more of this article

U.S. SEC Fines Mark Watson $450,000

U.S. SEC Fines Mark Watson $450,000

The U.S. Securities and Exchange Commission [SEC] has imposed a $450,000 fine on Mark E. Watson III for his role in Bermuda-based insurer Argo Group International’s “failure to disclose” over $5.3 million in “additional perquisites and personal benefits” while he was the company’s CEO. The document states, “Respondent... Read more of this article

Argo Group Announces Closing Of Ariel Re Sale

Argo Group Announces Closing Of Ariel Re Sale

Argo Group International Holdings Ltd. today [Nov 25] announced the closing of the sale of Ariel Re to Pelican Ventures and J.C. Flowers & Co. “This is an important milestone for Argo Group as we simplify our operations – primarily as a U.S.-focused specialty insurer,” said Chief Executive Officer Kevin J. Rehnberg. “We are pleased to complete... Read more of this article