Reinsurance News
Argo
Argo Group’s net income increased 362% to $59m in Q2’25
11th August 2025
Argo Group International Holdings, Ltd. reported a net income of $58.8 million for the second quarter of 2025, marking a significant 362.2% increase compared to $12.7 million in the same quarter a year earlier. Net income attributable to common shareholders was $56.1 million, up notably from $10 million in Q2’24. Total revenue ... Read the full article
ASU completes majority acquisition of Argo’s remaining surety business
22nd July 2024
Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters' United Risk Division, has completed its acquisition of the majority of Argo's remaining surety business. If you recall, back in April of 2024, it was confirmed that ASU would acquire the majority of Argo Surety group’s in-force coal, oil, gas, and ... Read the full article
Former Argo CEO, Thomas Bradley, appointed to CopperPoint Board
17th January 2024
CopperPoint Insurance Companies has announced the appointment of Thomas Bradley to the CopperPoint Mutual Insurance Holding Company Board of Directors. Bradley, a seasoned veteran with over 40 years of experience in the insurance industry, most recently served as the Chairman and CEO of Argo Group until his retirement in November 2023. During ... Read the full article
Argo shareholders approve merger with Brookfield Reinsurance
20th April 2023
Bermuda-based specialty P&C insurer Argo has announced that its shareholders have voted to approve an agreement for the company to be acquired by Brookfield Reinsurance, the operator of a financial services business providing capital-based solutions to the insurance industry. The all-cash acquisition proposal, made by Brookfield Reinsurance back in February, ... Read the full article
Lancashire appoints Argo’s Alison Gaudette as Group Sustainability Manager
4th April 2023
Lancashire Insurance Group has appointed Alison Gaudette as its first Group Sustainability Manager. Within her new role, Gaudette will report to Lancashire’s Group Chief Risk Officer, Louise Wells. Gaudette joins the firm from Argo Group, where she most recently held the role of Sustainability Manager. Before she held that role, she served ... Read the full article
Argo’s Lina Hantas joins Westfield Specialty as Senior Executive Officer, Dubai
20th February 2023
Westfield Specialty has appointed Argo’s Lina Hantas as Senior Executive Officer of its Dubai office. Hantas joins the firm after spending 11 years at Argo, where she served in a variety of leadership roles, including Chief Underwriting Officer, and Senior Executive Officer, both of which were based in Dubai. Hantas began her ... Read the full article
J. Daniel Plants to Step Down from Argo’s Board of Directors
15th February 2023
Argo Group International Holdings, Ltd., has announced that J. Daniel Plants, a member of the Argo Board of Directors, and Chairman of its Strategic Review Committee, has notified the company of his intention to step down from the Board, effective immediately. Plants is the Founder and Chief Investment Officer of Voce ... Read the full article
Argo wins Board vote after activist nominations withdrawn
16th December 2022
Argo Group International Holdings, Ltd. has reported that its nominations for members of its Board of Directors where “overwhelmingly” voted in favour of by shareholders at its annual general meeting (AGM) this week. The win followed the withdrawal of two board nominations by activist investor Capital Returns Master just days ... Read the full article
Argo challenger withdraws board nominations
13th December 2022
Argo has confirmed that activist investor Capital Returns Master has withdraw its nomination for two candidates to Argo's Board of Directors, just days before shareholders were set to vote on its composition at the company's December 15th annual general meeting (AGM). Argo and Capital Returns have been in a protracted ... Read the full article
Advisors ISS and Glass Lewis lend support to Argo Board picks
5th December 2022
Argo has announced that Institutional Shareholder Services (ISS) and Glass Lewis & Co have both recommended that Argo shareholders vote in support of all director nominees put forward by the company for election at its upcoming annual general meeting (AGM). Argo has faced pressure from activist investor Capital Returns in ... Read the full article
Argo defends strategic review as investor pressure mounts
16th November 2022
Bermuda-based specialty P&C insurer Argo has addressed another letter to shareholders defending its ongoing strategic review process amid mounting pressure from activist investor Capital Returns and its allies, who are seeking to replace two directors on Argo's Board at next month's annual general meeting (AGM). The latest criticisms from Capital Returns ... Read the full article
Enstar completes loss portfolio transfer with Argo
10th November 2022
Enstar has completed a loss portfolio transfer with underwriting firm Argo to reinsure a number of its direct US casualty insurance portfolios relating to accident years 2011 to 2019. Enstar’s subsidiary covers ground up reserves of $746m and an additional $275m of cover in excess of $821m, up to a policy ... Read the full article
Argo clashes with investors ahead of AGM vote
9th November 2022
Bermuda-based specialty P&C insurer Argo continues to butt heads with activist investor Capital Returns Master, Ltd. as they both seek to sway shareholders ahead of a key vote on the composition of Argo's Board of Directors at its annual general meeting (AGM) next month. Last month, Capital Returns and other participants ... Read the full article
Argo rebuffs calls for new directors, defends record
31st October 2022
Bermuda-based specialty P&C insurer Argo has written to its shareholders in an effort to garner support to maintain its current line-up of directors, following calls to instate new ones to address alleged underperformance at the company. Earlier this month, activist investor Capital Returns Master, Ltd., a Cayman Islands exempted company, and ... Read the full article
Investors sue Argo amid stock price plummet
25th October 2022
Bermuda-based specialty P&C insurer Argo is being sued by a group of investors, who claim that they were misled on major aspects of the company’s performance metrics, which have resulted in a significant drop in stock prices. Argo’s stock price has fallen by more than 60% this year and the company ... Read the full article
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