#argo group

[autonewsinsure]

Argo Group delivers losses in interim results

Argo Group delivers losses in interim results

Argo noted: “The net loss attributable to common shareholders in the second quarter 2022 included pre-tax net realized investment and other losses of $40.4 million, of which $21.3 million was attributable to a loss on the sale of the company’s Malta operations, ArgoGlobal Holdings. “In comparison, net income attributable to common shareholders in the prior year second quarter included $24.7…

View On WordPress

[autonewsinsure]

Argo Group unveils new chief executive

Argo Group unveils new chief executive

Things have become official for Argo Group International Holdings, Ltd. chair Thomas A. Bradley, who is now the company’s chief executive after serving as interim CEO since March. In its announcement, Argo cited Kevin J. Rehnberg’s immediate resignation from the property & casualty underwriter’s board of directors. Rehnberg is not returning from his medical leave of absence, which was revealed…

View On WordPress

[autonewsinsure]

Argo Group hit with loss in Q1 2022

Argo Group hit with loss in Q1 2022

In the first quarter, Argo posted a net loss attributable to common shareholders worth US$3.6 million. In the same period last year, the company enjoyed a US$27.2 million net income attributable to common shareholders. Gross written premium (GWP) slid slightly from US$756.5 million in Q1 2021 to US$720.6 million this time around. Operating income, meanwhile, grew 180% to US$43.4 million. The…

View On WordPress

[cubicalone]

Argo Group sells renewal rights of US specialty property business

Argo Group sells renewal rights of US specialty property business

Argo Group International Holdings, an underwriter of specialty insurance, has announced an agreement to sell the renewal rights of its US specialty property business to Westfield Insurance. Terms of the transaction were not disclosed. “This transaction supports the company’s ongoing strategy to reduce volatility within the business,” said Marsh Duncan, president of excess and surplus at Argo…

View On WordPress

[austrisk]

Argo Group makes move for Travelers Insurance underwriter

Argo Group makes move for Travelers Insurance underwriter

Underwriting veteran was a broker in the aviation market for 18 years Read more here:: Insurance Business Online

View On WordPress

[austrisk]

Argo Group sees GWP climb in first half of 2017

Argo Group sees GWP climb in first half of 2017

Company points to the success of acquisition of reinsurance business Read more here:: Insurance Business Online

View On WordPress