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Argo Group

Ariel Re bolsters Marine & Energy team with appointment of David Martin

8th April 2019

Argo Group subsidiary Ariel Re has announced the appointment David Martin as Head of Marine & Energy, Reinsurance, effective immediately. Martin brings over 30 years’ experience to the role and joins from Tokio Millennium Re, where he most recently served as Head of UK underwriting. He reports to Matthew Wilken, Deputy Global ... Read the full article

Argo affirms Board appointments following latest Voce criticism

28th March 2019

Specialty re/insurer Argo Group has issued a statement defending the validity of its two most recent Board appointments after Voce Capital Management, a company that owns 5.6% of Argo’s shares, claimed the hires went against company bye-laws and Bermuda law. Argo labelled Voce’s claims “disappointing” and part of a “campaign of ... Read the full article

Voce puts forward Argo Director nominees, Board responds

11th March 2019

Voce Capital Management, owner of approximately 5.8% of Argo Group’s shares, has put forward five independent candidates for its Board of Directors two weeks after claiming Chief Executive Officer Mark E. Watson III has been perpetuating “shockingly high and shockingly inappropriate” expenses for the past decade. The nominations have ... Read the full article

Argo Group joins GBN Worldwide re/insurance network

11th March 2019

Specialty re/insurer Argo Group International Holdings has announced that it has become a member and network partner of GBN Worldwide, a global network of re/insurers, independent brokers, and specialty suppliers. Operating in more than 140 countries, brokers and local insurance companies in the GBN network grant partners mutual market access across ... Read the full article

Argo labels CEO criticisms “misleading, inaccurate”

26th February 2019

Recent claims that Argo Group Chief Executive Officer Mark E. Watson III has perpetuated “shockingly high and shockingly inappropriate” expenses over the past decade have been labelled misleading and inaccurate by the company. In a statement released this morning Argo accused Voce Capital Management (Argo’s fourth-largest shareholder) of ignoring the ... Read the full article

Argo CEO under expenses fire from fourth-largest shareholder

25th February 2019

Argo Chief Executive Officer Mark E. Watson III has been accused of perpetuating “shockingly high and shockingly inappropriate" corporate expenses over the past decade by Voce Capital Management LLC, the owner of approximately 5.8% of Argo Group’s shares. Voce, whose 1.9 million shares in Argo make them the fourth-largest shareholder, argues ... Read the full article

Argo adds two independent directors to board

22nd February 2019

Bermudian specialty insurer and reinsurer, Argo Group International Holdings, Ltd. has added Samuel Liss and Tony Latham to its Board, as Independent Directors. Liss is currently managing principal of advisory firm Whitegate Partners LLC, and is also a board member of Verisk Analytics and J.S. Held. He previously served as an executive ... Read the full article

Argo improves combined ratio, reports strong growth for 2018

12th February 2019

Argo Group International Holdings, Ltd. saw its combined ratio strengthen in both Q4 and the full-year 2018, as the re/insurer continued to expand its business operations. Argo has reported its financial results for the fourth-quarter and full-year 2018, posting a net loss of $43.6 million and net income of $63.6 million, ... Read the full article

Argo expecting $44m dent to Q4 results

18th January 2019

Specialty re/insurer Argo Group International has announced a preliminary, pre-tax catastrophe loss estimate for Q4 2018 of $32 million, a figure net of reinsurance and reinstatement premiums, and including losses related to certain aggregate excess of loss contracts. The company said it also expects results from the fourth quarter to take ... Read the full article

ArgoGlobal eyes gig-economy with Italian insurtech partnership

16th January 2019

ArgoGlobal Assicurazioni S.p.A, a subsidiary of Argo Group International Holdings, is providing gig-economy workers throughout Italy with a pay-as-you-go insurance solution by teaming up with specialised broker Axieme. Crucially, Axieme is connected to the digital platform Jobby, which enables users to activate their insurance when they accept a job. “The growth of ... Read the full article

Argo Group renews Harambee Re sidecar for sixth time

10th January 2019

Specialty re/insurer Argo Group International has announced the renewal of its Harambee Re sidecar for 2019, the sixth time since its launch in 2013. Much like in 2018, the collateralised vehicle will provide Argo with additional catastrophe capacity for specific property portfolios underwritten by Ariel Re, which has served as Argo’s ... Read the full article

Argo names Gary Grose interim Head of Colony Specialty

8th January 2019

Argo Group U.S, a subsidiary of global specialty re/insurer Argo Group International Holdings, has appointed Gary Grose as interim head of its Colony Specialty business. Grose will take on the role in addition to his current responsibilities as Argo Group’s Head of Marketing and Producer Management. He will stand in while a ... Read the full article

Argo appoints Kevin Rehnberg as Chief Administrative Officer

19th December 2018

Global specialty re/insurer Argo Group International Holdings has announced the appointment of Kevin Rehnberg as Chief Administrative Officer. Rehnberg joined Argo in 2013 as President of U.S Operations and extended his remit to the company’s business in Latin America earlier this year. Argo explained that he will take on his new responsibilities ... Read the full article

Argo Group appoints Matt Harris to lead international insurance operations

18th December 2018

Global specialty re/insurer, Argo Group International Holdings, has appointed Matt Harris as Group Head of International Operations, effective 1 January 2019. Having joined the company in 2017, Harris’ new role will see him lead the company’s international insurance operations. Jose A. Hernandez, who currently serves as International Operations Head, will become responsible ... Read the full article

Q3 cats showed effectiveness of Argo’s reinsurance & retro programmes: CEO Watson

12th November 2018

While catastrophe activity in the third-quarter of 2018 was higher than management at Argo Group International Holdings would have liked, it did highlight the effectiveness of the firm's reinsurance and retrocession programmes, according to the company's Chief Executive Officer (CEO), Mark Watson. Catastrophe losses in the third-quarter of 2018 for Argo ... Read the full article

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