Welcome to our dedicated page for Argo Group International Holdings, Ltd. news (Ticker: ARGO), a resource for investors and traders seeking the latest updates and insights on Argo Group International Holdings, Ltd. stock.
Argo Group International Holdings, Ltd. (NASDAQGS: ARGO) is a prominent international underwriter specializing in insurance and reinsurance products within the property and casualty market. The company operates through its subsidiaries and is structured into four main business segments, each tailored to meet the diverse needs of its clients.
Excess & Surplus Lines: This segment focuses on underwriting risks that are typically outside the scope of the standard market due to their unique nature, specific risk exposures, or loss histories. These include specialized businesses that require custom coverage solutions.
Commercial Specialty: Catering to both commercial and public entities, this segment offers standard-market property and casualty insurance along with surety coverages. It is designed to serve highly specialized sectors, providing tailored insurance products that address specific industry needs.
International Specialty: Operating on a global scale, the International Specialty segment writes both insurance and reinsurance through the broker market. It includes offerings like specialty property catastrophe reinsurance, excess casualty, and professional liability insurance.
Argo Group's commitment to high-quality products and exceptional service has earned it a notable reputation in the industry. The company's innovative approach and extensive expertise enable it to handle complex and high-risk scenarios effectively. Recent achievements include strategic partnerships and continuous expansion of its product portfolio, ensuring comprehensive coverage solutions for its clients worldwide.
The company's financial stability and robust performance are reflected in its consistent delivery of shareholder value. With a dedicated focus on risk management and client needs, Argo Group continues to adapt and grow in the ever-evolving insurance landscape.
For investors and stakeholders, Argo Group offers valuable insights into the latest developments, performance metrics, and strategic initiatives through its regular updates and transparent communication.
Argo Group International Holdings (NYSE: ARGO) announced that it will release its Q4 and full year 2022 financial results on February 27, 2023, after U.S. market close. Notably, the company will not hold an investor conference call due to a recent merger agreement with Brookfield Reinsurance. Argo specializes in property and casualty insurance and is rated 'A-' by both Standard & Poor's and A.M. Best for its subsidiaries. Investors can find more details on their official website.
Argo Group International Holdings (NYSE: ARGO) announced the immediate resignation of Board member J. Daniel Plants, who had been instrumental in its recent strategic review and merger agreement with Brookfield Reinsurance. Plants, a significant shareholder and Chairman of the Strategic Review Committee, joined the Board in August 2022. The merger, valued at $30 per share, aims to maximize shareholder value. This announcement follows the recent sale of Argo Underwriting Agency to Westfield, furthering Argo's strategic objectives. Executive Chairman Thomas A. Bradley expressed gratitude for Plants’ leadership during this crucial transition.
Westfield has completed its acquisition of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings Ltd. (NYSE: ARGO), enhancing its position in the international specialty insurance market. This strategic move aims to accelerate Westfield Specialty's growth, with the total portfolio exceeding
Argo Group International Holdings (NYSE: ARGO) has successfully completed the sale of Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 to Westfield. This strategic move aims to enhance operational focus and streamline the company's offerings. Thomas A. Bradley, Argo's executive chairman and CEO, expressed confidence in the future of the Lloyd’s team under Westfield’s leadership. Goldman Sachs served as the financial advisor, while Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel for this transaction. Argo continues to be a key player in specialty insurance products within the U.S. property and casualty market.
Argo Group International Holdings, Ltd. (NYSE: ARGO) reported that shareholders overwhelmingly elected all director nominees at the 2022 Annual Meeting. The certified results confirmed that each nominee received significant support, with Bernard Bailey receiving 27,951,503 votes in favor. Additionally, all other proposals submitted for the meeting were approved by shareholders. Argo specializes in niche insurance products and maintains strong ratings of 'A-' from both Standard & Poor's and A.M. Best.
Argo Group International Holdings (NYSE: ARGO) announced the withdrawal of Capital Returns Master, Ltd.'s nominations for Ronald Bobman and David Michelson to its Board of Directors prior to the 2022 Annual Meeting, set for December 15, 2022. The company expressed appreciation for shareholder support and emphasized the capability of its refreshed Board. Argo continues to engage with its shareholders constructively. Goldman Sachs is the financial advisor to Argo, with Skadden, Arps, Slate, Meagher & Flom LLP serving as legal counsel.
Argo Group International Holdings, Ltd. (NYSE: ARGO) is urging shareholders to vote the BLUE proxy card in favor of its seven director nominees ahead of the 2022 Annual Meeting on
Argo Group International Holdings (NYSE: ARGO) reported on its ongoing strategic review process aimed at maximizing shareholder value, particularly following the sale of its Lloyd’s Syndicate 1200. The Board, reinforced by its largest shareholder, J. Daniel Plants, is focused on evaluating potential strategic options while urging shareholders to support its nominees at the upcoming Annual Meeting on December 15, 2022. The company has successfully transformed into a diversified U.S. specialty insurer, achieving a combined ratio of 92.5% for ongoing business and pursuing credible proposals from over 80 parties.
Argo Group International Holdings, Ltd. (NYSE: ARGO) is urging shareholders to vote "FOR" its seven director nominees on the BLUE proxy card ahead of the Annual Meeting on December 15, 2022. The Company is conducting a strategic review, exploring potential sale options and evaluating over 80 interested parties with assistance from Goldman Sachs. The Board believes their nominees possess the expertise necessary for maximizing shareholder value and opposes Capital Returns' nominees, claiming they could disrupt the review process. Argo is focused on becoming a streamlined U.S.-centric specialty insurer.
FAQ
What is the market cap of Argo Group International Holdings, Ltd. (ARGO)?
What is Argo Group International Holdings, Ltd.?
What are the main business segments of Argo Group?
What does the Excess & Surplus Lines segment cover?
Who does the Commercial Specialty segment serve?
What products are offered under the International Specialty segment?
What recent achievements has Argo Group made?
How does Argo Group ensure financial stability?
Where does Argo Group operate?
How does Argo Group communicate updates to stakeholders?
What sets Argo Group apart in the insurance industry?
