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Reinsurance News
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
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
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
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
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
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
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
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
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
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
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
6th November 2018
A survey of brokers and the small and medium-sized businesses (SMEs) they serve, conducted by global specialty re/insurer Argo Group International Holdings, Ltd., has identified cybercrime, climate change, and talent retention as among the areas where re/insurance is most likely to fall behind. For example, Argo found that 71% of brokers ... Read the full article
19th October 2018
International underwriter of specialty re/insurance products Argo Group International Holdings has announced a preliminary pre-tax catastrophe loss estimate for Q3 2018 of approximately $25 million. Hurricane Florence, typhoon Jebi and other cat and weather-related events in Q3 are all included in the estimate. Also included are claims costs net of ceded reinsurance ... Read the full article
9th October 2018
ArgoGlobal, a Lloyd’s insurer and member of Argo Group International Holdings, has announced the appointment of Michael Scala as Chief Underwriter Officer (CUO), Asia Pacific. Scala will report to Veronica Grigg, Chief Executive Officer, ArgoGlobal Asia. “Mike is a talented leader with experience across the Asia Pacific region,” said Grigg. “At ArgoGlobal, we ... Read the full article
28th September 2018
Mark E. Watson III, Chief Executive Officer (CEO) of Argo Group International Holdings, Ltd. has claimed that current market conditions and the pace of technological change in the re/insurance industry are conducive to mid-sized companies such as Argo. In a Letter to Shareholders, Watson said that he believed the industry was ... Read the full article
