Hashtag: #ArgusBFMSale

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

AM Best On Argus & BF&M’s Credit Ratings

AM Best has commented on the credit ratings both BF&M and Argus Group following the news that an Argus subsidiary has entered into an agreement to purchase 36.9% of BF&M for $100 million. BF&M Limited A statement from the ratings agency said, “AM Best has commented that the Credit Ratings of BF&M Limited [BF&M] and its insurance... Read more of this article

BHEC CEO On Argus Buying Part Of BF&M

Following the news that an Argus subsidiary has entered into an agreement to purchase 36.9% of BF&M, Bermuda Health Council CEO Dr Ricky Brathwaite said that “while the transaction centers on company shares, we are monitoring the potential implications for the health insurance market and service provider consolidation.” Dr Brathwaite,... Read more of this article

BF&M ‘Disappointed’ By Camellia/Argus Sale

[Updated] “BF&M is disappointed by the announcement from Camellia that it will sell its 36.9 percent ownership interest in the Company to Argus, a direct competitor,” BF&M said. The statement from BF&M follows after it was announced that an Argus subsidiary has entered into an agreement to purchase a 36.9% shareholding in... Read more of this article

Argus Subsidiary To Purchase 36.9% Of BF&M

[Updated] An Argus subsidiary has entered into an agreement to purchase a 36.9% shareholding in the BF&M insurance company for $100 million, with Argus noting that “we would not expect this transaction to result in BF&M changing its service, contracts or personnel.” In a filing with the Bermuda Stock Exchange, Argus Group Holdings... Read more of this article