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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 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 Stories Argo Shareholders Approve Proposed Merger Argo To Sell Lloyd’s Syndicate... Read more of this article
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 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 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
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 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
Argo Group Issues $0.31 Cash Dividend
Argo Group International Holdings, Ltd. [ARGO] 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 December 4, 2020 to shareholders of record on November 20, 2020. Related Stories Argo Shareholders Approve Proposed Merger Argo To Sell Lloyd’s... Read more of this article
Argo Group Reports 2020 Third Quarter Results
Argo Group International Holdings announced financial results for the three and nine months ended September 30, 2020. Argo reported third quarter 2020 net loss attributable to common shareholders of $31.6 million or $[0.91] per diluted common share, compared to a net loss attributable to common shareholders of $25.1 million or $[0.73] per diluted common... Read more of this article
Argo Announces Agreement To Sell Ariel Re
Argo Group International Holdings Ltd. today [Nov 2] announced an agreement to sell its reinsurance business, Ariel Re, to Pelican Ventures and J.C. Flowers & Co. Closing of the transaction is subject to regulatory approval and is expected to occur in 2020. “Ariel Re is well known in the reinsurance market, and we are confident the business will... Read more of this article
Argo To Exit Grocery & Retail Business Unit
Argo Group International Holdings Ltd. announced plans to exit the grocery and retail lines of business. A spokesperson said, “Argo Group International Holdings Ltd., an underwriter of specialty insurance and reinsurance products announced plans to exit the grocery and retail lines of business, which include providing general liability and self-insured... Read more of this article
Argo Expect $54 Million In Catastrophe Losses
Argo Group said they expect catastrophe losses of approximately $54 million in the third quarter primarily related to Hurricanes Hanna, Laura and Sally, as well as the U.S. wildfires and Midwest derecho. The company said, “Argo Group International Holdings, Ltd., announced today that its results for the third quarter of 2020 will be adversely affected... Read more of this article
Argo Appoints Allison Kiene As General Counsel
Argo Group International Holdings Ltd. today [Oct 1] announced the appointment of Allison Kiene to serve as the company’s general counsel. A spokesperson said, “Argo Group International Holdings Ltd. [Argo], an underwriter of specialty insurance and reinsurance products, today announced the appointment of Allison Kiene to serve as the company’s... Read more of this article
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 September 11, 2020 to shareholders of record on August 28, 2020. Related Stories Argo Shareholders Approve Proposed Merger Argo To Sell Lloyd’s Syndicate... Read more of this article
Argo Reports 2020 Second Quarter Results
Argo Group International Holdings announced financial results for the three and six months ended June 30, 2020. “We are pleased to report the strongest quarterly underwriting income for the U.S. in Argo’s history,” said Argo Chief Executive Officer Kevin J. Rehnberg. “This demonstrates our shift to more positive underlying performance, particularly... Read more of this article
Argo Announces Update To Its Leadership Team
Argo Group International Holdings Ltd. today announced an update to its senior leadership team responsibilities, and the launch of an outside search for a chief financial officer to succeed Jay S. Bullock. “Earlier this year, we established a clear set of operating principles designed to create an efficient organization focused on delivering improved... Read more of this article
