Hashtag: #ArgoGroupInternational
Island Could Benefit From Cat Bond Boom
Interest in the re/insurance industry’s use of insurance-linked securities to spread its risk of exposure to global catastrophes continues to grow and Bermuda could benefit from this resurgence, business magazine “Financial News” reports today [Nov. 6]. Through insurance-linked securities, insurance risk is transferred in a capital markets... Read more of this article
Argo: ‘Challenging Year For The Company’
Argo Group International Holdings, Ltd., the Bermuda international underwriter of specialty insurance and reinsurance products, today [Nov. 4] announced financial results for the three and nine months ended September 30, 2011. Highlights for the three months ended Sept. 30, 2011: Total revenue was $303.5 million versus $333.3 million in the third quarter... Read more of this article
Argo Insurance Launches Landscape Policies
Bermuda’s Argo Insurance will offer a slate of property and casualty lines of insurance specialty tailored towards US landscape and arborist contractors [Oct. 31]. Argo has formed a partnership with First Capital/Arrowhead Wholesale Insurance Services in order to offer coverage for property, crime, inland marine, commercial auto and excess risk. First... Read more of this article
Argo Q3 Losses: $35/40M
Argo Group International Holdings, Ltd. announced today [Oct.24] that it expects to report in the third quarter its estimate for catastrophe losses and other severe weather activity, net of reinsurance and reinstatement premiums, of approximately $35 million to $40 million. This estimate includes approximately $20 million of losses related to Hurricane... Read more of this article
Argo Opens Office In Dubai
Bermuda-based Argo Group International Holdings, Ltd. has established a locally domiciled insurance operation in the heart of the Dubai International Financial Center (DIFC). The new company — Argo Re (DIFC) Ltd. — is a subsidiary of Argo Re, Ltd. in Bermuda, and a fully licensed insurance manager and intermediary in Dubai. The operation,... Read more of this article
Argo Completes Issuance of Catastrophe Bond
Argo Group International Holdings, Ltd. announced today [June 20] it has successfully placed a new catastrophe bond, Loma Reinsurance Capital Limited Series 2011-1, which will provide $100 million of protection against the multiple occurrence of certain named perils. Coverage provided by the bond incepts June 17, 2011, and runs for a period of 18 months.... Read more of this article
Argo: Brazil ‘Key Component’ Of Strategy
Argo Group International Holdings, Ltd., the Bermuda-based international underwriter of specialty insurance and reinsurance products, announced today [May 26] that Pedro Purm Jr. has been selected to serve as chief executive officer for its commercial property and casualty insurance operations in Brazil. Mr. Purm will oversee the creation and operation... Read more of this article
Michael Carr Joins Argo Group International
Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, announced today [May 26] that Michael Carr has joined the company as underwriting vice president for the Errors & Omissions (E&O) division of Argo Pro. He will be based in the Chicago office and will report to... Read more of this article
Argo Estimates $60m Loss From Japan Quake
Argo Group International Holdings, Ltd. announced today [Apr.18] its preliminary pre-tax loss estimate for the March 11, 2011, earthquake and tsunami in the Tohoku region of Japan is approximately $60 million, net of reinsurance and reinstatement premiums. In reaching this estimate, the company has relied on information currently available from portfolio... Read more of this article
Argo Appoints Ritchie to Paris Branch
Ago Group International Holdings, Ltd announced that Bruno Ritchie has joined the company to lead Argo Assurances, Argo Group’s new Paris-based underwriting platform for large specialty risks. Argo Assurances will initially focus on insurance solutions for space and aviation clients worldwide. “We continue to expand our international footprint and... Read more of this article
Argo Group Makes New Board Appointments
Bermuda headquartered Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, today [Feb. 24] announced it has appointed Kate Nealon and Nabil N. El-Hage to its board of directors. “We are pleased to have these two accomplished and well-respected individuals join our board,” said Argo... Read more of this article
Argo Shares Jump: News Of Repurchase Plan
Shares in Bermuda-based Argo Group International Holdings, Ltd. were up by four percent on Friday [Feb. 18] after its board of directors s authorised the company to repurchase $150 million of Argo Group common stock. The new share repurchase authorisation supersedes the previous authorisation announced on November 13, 2007. Company officials also said... Read more of this article
