Hashtag: #ArgusGroup
BF&M & Argus Statements On Amalgamation
BF&M and Argus both issued statements in relation to their business agreement. BF&M Limited Statement A filing with the BSX said, “Following receipt of all requisite regulatory confirmations of no objections [as applicable], BF&M acquired 7,092,325 shares in Argus on 4 December 2024, pursuant to an exclusive option and a dedicated... Read more of this article
Argus Reports Earnings & Interim Dividend
Argus Group Holdings Limited today announced net income for the six months ended September 30, 2024 of $5.9 million, compared to $5.0 million in the previous year. A spokesperson said, “This IFRS net income was impacted by exceptional project costs arising from our proposed amalgamation with BF&M. Net operating earnings, reflecting the... Read more of this article
Argus Releases 3rd Annual Sustainability Report
The Argus Group has released its third annual Sustainability Report, “charting meaningful progress in addressing challenges including climate change and social equity.” A spokesperson said, “The focus is on how Argus is living its purpose to be “a powerful force for sustainable wellbeing” by embedding enterprise-wide, material... Read more of this article
BE Solar Installs Solar Panels On Argus Building
BE Solar announced the successful completion of an innovative solar panel project at the Argus Group’s Wesley Street headquarters in Hamilton. A spokesperson said, “This 130 Aptos panel system installation marks a signifcant step towards sustainability and energy leadership in Bermuda’s corporate sector. “This initiative, designed with... Read more of this article
BF&M & Argus Unveils New Leadership Team
BF&M and Argus announced their Executive Leadership Committee for the new combined company, pending regulatory and shareholder approval, with the announcement noting that the appointments are “effective upon closing of transaction.” A spokesperson said, “BF&M Limited and Argus Group Holdings Limited today announced the composition... Read more of this article
Argus Group Pay Tribute To Sheila Nicoll
The Argus Group paid tribute to Sheila Nicoll, saying her “distinguished career and her significant contributions to the insurance and reinsurance industry will always be remembered.” A spokesperson said, “The Argus Group announces with great sadness the passing of our cherished former Chairman, Sheila Nicoll. Ms. Nicoll’s distinguished... Read more of this article
AM Best On Credit Ratings Of Argus & BF&M
AM Best has commented following the news that BF&M and Argus Group “have signed a definitive amalgamation agreement, pursuant to which BF&M and Argus will combine in an all-stock transaction.” A statement from the ratings agency said, “AM Best has revised the implications of the under review status to positive from developing... Read more of this article
BF&M & Argus Announce Merger Agreement
BF&M and Argus Group announced today that they “have signed a definitive amalgamation agreement, pursuant to which BF&M and Argus will combine in an all-stock transaction.” A spokesperson said, “The transaction is subject to required regulatory approvals and shareholder approval with a planned completion date for the amalgamation... Read more of this article
Argus Group Announces Operating Results
Argus Group today announced net income for the year ended 31 March 2024 of $7.3 million, compared to $15.6 million in the previous year as restated for IFRS 17 A spokesperson said, “This IFRS reported net income was impacted by one-off adjustments from the transition to IFRS 9 and 17, and exceptional project costs. Net operating earnings for... Read more of this article
Argus: No Share Repurchases In May 2024
Argus Group Holdings Limited reported that no share repurchases were made by the Company for the month ending May 31 2024. The filing stated, “The company announces that pursuant to Regulation 6.44 of the BSX Listing Regulations that the Company made no repurchases for the month ended 31 May 2024.” Related Stories Argus Reports Earnings... Read more of this article
Argus: No Share Repurchases In April 2024
In a filing with the Bermuda Stock Exchange, Argus Group Holdings Limited announces that pursuant to Regulation 6.44 of the BSX Listing Regulations that the Company made no repurchases for the month ended 30 April 2024. Related Stories Argus Reports Earnings & Interim Dividend Argus Group Announces Operating Results Argus: No Share Repurchases... Read more of this article
Argus: No Share Repurchases In February 2024
In a filing with the Bermuda Stock Exchange, Argus Group Holdings Limited advised that pursuant to its share repurchase programme, during the month of February 2024, the company has not repurchased any shares. Related Stories Argus Reports Earnings & Interim Dividend Argus Group Announces Operating Results Argus: No Share Repurchases In May... Read more of this article
