An activist Argo Group shareholder accuses the company of using a corporate jet for 1,500 flights in recent months and questions whether the trips were exclusively for business purposes. So goes the latest salvo fired against the company in advance …
An Argo Group shareholder accusing the company and CEO Mark Watson III of extravagant spending practices now claims that the carrier illegally appointed two board members. Argo disagreed, continuing a very public battle between Voce Capital Management LLC and itself …
An Argo Group shareholder is nominating four new directors to counter what it alleges are “shockingly high” corporate expenses including pricey real estate, an office art collection, and CEO Mark Watson III’s personal use of company-owned aircraft and housing. Argo, …
Argo Group International Holdings, Ltd., the Bermuda-based re/insurer, announced a preliminary pre-tax catastrophe loss estimate of $32 million for the fourth quarter of 2018, primarily related to Hurricane Michael and the California wildfires. Additionally, the company’s fourth quarter 2018 results …
Everest Re Group Ltd. and Argo Group International Holdings Ltd. announced their preliminary pre-tax catastrophe loss estimates for the third quarter, ended Sept. 30, 2018. Bermuda-based Everest Re’s estimated catastrophe loss was $240 million, net of reinsurance. The estimate includes …
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 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 …
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 …
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 …
