Hashtag: #ArgoGroupInternational
Argo: ‘Progress Made Over Last Year’
Argo Group International Holdings, Ltd., a Bermuda-headquartered international underwriter of specialty insurance and reinsurance products, today [Feb. 17] announced financial results for the three months and year ended December 31, 2010. Highlights for the year ended December 31, 2010 include: •Total revenue was $1.38 billion compared to $1.54 billion... Read more of this article
Argo Financial Now A Lloyd’s Consortium
Nexus Underwriting Management Ltd. has converted Argo Financial Products Ltd. into a consortium at Lloyd’s of London called Nexus Financial Products. Partners in the consortium are professional liability and medical malpractice syndicate 2526, which is managed by A.G. Doré & Others, and property engineering and marine syndicate 5151, which is... Read more of this article
Argo Group Announces Management Changes
Bermuda based Argo Group International Holdings, Ltd announced yesterday [Jan 13] the appointment of Andrew Carrier to the newly created position of group chief underwriting officer. In his expanded role, Mr. Carrier will oversee underwriting across Argo Group’s worldwide operations and will report to Argo Group Chief Executive Officer Mark E. Watson... Read more of this article
Argo Updates Loss Estimate for NZ Quake
Argo Group International Holdings, Ltd. announced yesterday [Jan 12] it expects to report in its 2010 fourth quarter financial results approximately $12 million of additional estimated pre-tax loss provisions, net of reinsurance and reinstatement premium, related to new and updated information reported from insureds and cedents on the earthquake that... Read more of this article
Argo and the Art of the Deal
Bermuda speciality insurer Argo is venturing into a potentially lucrative new niche market — the multi-million dollar fine art world. The Pitts Bay Road insurer’s latest venture is the subject of a major “New York Times” report because collectors, dealers and auctioneers are increasingly finding themselves embroiled in lawsuits... Read more of this article
Showdown Looms in Argo Group Gold Cup
[Written by Talbot Wilson] Twenty-four teams representing fourteen countries match up in this classic battle October 5-10 in Hamilton, Bermuda. Five winners of the King Edward VII Gold Cup from 2006-2009… Ian Williams (GBR), Mathieu Richard (FRA) Johnie Berntsson (SWE) Ben Ainslie (GBR) and the 2002 winner Jesper Radich (DEN) return to Bermuda for... Read more of this article
Argo: Net Income $26.1 Million
Bermuda-based Argo Group International Holdings, Ltd announced financial results for the three and six months ended June 30, 2010. Argo Group’s Chief Executive Officer, Mark E. Watson III, said, “Our results reflect the impact of several large loss events that occurred in the first half of the year, none of which have led to improved pricing.... Read more of this article
Mark Watson takes Genuine Risk to Bermuda
[Writen by Talbot Wilson] After putting his signature on the sponsorship agreement, Mark Watson called his friend and North Sails advisor Ken Read and said, “Ken, I think I’ve gone and done something kooky.” Kenny replied, “Knowing you, I don’t think so, but tell me what you’ve done.” Watson replied, “I’m going to sponsor and skipper... Read more of this article
Argo Net Income Drops Due to Catastrophes
Bermuda based Argo Group International Holdings Ltd announced a net income of $20.7 million in the first quarter of 2010, a $6.3 million drop from last year’s first quarter. The company sustained a $21.6 million loss from the earthquake in Chile, with Argo CEO Mark E. Watson saying the catastrophic events during the first quarter had a substantial... Read more of this article
Argo Group: Loss Estimate $25 to $35 million
Bermuda based Argo Group International Holdings Ltd announced today [Mar 22] it expects its initial loss estimate from first quarter 2010 catastrophe events that have occurred to date will be $25 million to $35 million, net of reinstatement premium and tax benefits. Like most the other Bermuda based reinsurers, Argo’s initial loss estimate includes... Read more of this article
