Argo Group News

Argo Group Completes Ariel Re Purchase; Mather Heads Reinsurance Unit

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance, announced that former Ariel Re chief executive officer, Ryan Mather, will serve as Argo’s global head of reinsurance, leading all reinsurance operations. The company’s reinsurance business will …

Argo Group to Acquire Ariel Re for $235M

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced it has entered an agreement to acquire Ariel Re, an underwriter of global re/insurance business, for approximately $235 million in cash. The acquisition, which is …

Colony Specialty Adds Rubel as Sr. VP, Head of Binding Operations

Gregory Rubel has joined Argo Group subsidiary, Colony Specialty, as senior vice president and head of binding operations in Dallas/Fort Worth area. Rubel joins Colony Specialty from Ace Westchester where he served as senior vice president, binding authority. Prior to …

Argo Group Names Schaffer to Lead U.S. Commercial Programs in Colorado

Bart Schaffer will now be leading U.S. commercial programs at Argo Group. Schaffer is located in Denver, Colo. Schaffer was previously head of binding operations within Argo Group’s Colony Specialty company. Schaffer joined Colony Specialty in 2007 as regional vice …

Argo Group Names AIG’s Hernandez to Lead International Business

Bermuda-based specialty insurer Argo Group International Holdings announced the appointment of Jose A. Hernandez to lead the company’s international business, which includes all insurance and reinsurance operations outside of the U.S. Hernandez joins Argo from American International Group where he …

ArgoGlobal Launches Insure4Drones, Online Portal for UK Drone Insurance

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, today announces the launch of Insure4Drones. The online portal, developed with approved Lloyd’s coverholder JRW Group, offers click-and-buy insurance products for the UK’s commercial drone market. The new service, which is …

ArgoGlobal Promotes Barnes as Head of Casualty for Syndicate 1200

ArgoGlobal* announced the appointment of Ryan Barnes as head of Casualty for Syndicate 1200. He takes up his new role following the departure of Paul Kneafsey who has left ArgoGlobal to join Everest Re as active underwriter of its Lloyd’s …

Argo Group Reports Q3 Net Income of $35.3M vs. $44.7M for Q3 2014

Bermuda-headquartered Argo Group International Holdings Ltd. reported net income of $35.3 million, or $1.24 per diluted share, compared to $44.7 million, or $1.54 per diluted share, for the third quarter of 2014. Net income for the nine month period ended …

Hindson Joins Argo Group as Chief Risk Officer

Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced that Alex Hindson has been appointed as chief risk officer. Hindson joins Argo Group from Amlin AG where he served as chief risk officer for …

Argo Reports 2015 Q2 Net Income of $27.9M, Compared to $38.6M in 2014

Argo Group International Holdings Ltd. reports net income of $27.9 million or $0.98 per diluted share, compared to $38.6 million or $1.32 per diluted share for the second quarter of 2014. “Argo Group’s second quarter results demonstrate continued momentum in …