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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, Ltd. (NYSE: ARGO) has appointed Jessica Snyder as president of U.S. insurance, effective immediately. Reporting to Tom Bradley, the executive chairman and CEO, Snyder brings nearly 30 years of experience in the property and casualty insurance industry, previously leading GuideOne Insurance. Her leadership is expected to enhance Argo's growth strategies and fortify its operating model. Argo Group is rated ‘A-’ by S&P and A.M. Best, specializing in specialty insurance products.
Argo Group International Holdings, Ltd. announced the appointment of
Argo Group International Holdings, Ltd. (NYSE: ARGO) reported a net loss of $18.9 million for Q2 2022, compared to a net income of $67.1 million in Q2 2021. Despite a decrease of 10.2% in gross written premiums to $732.1 million, net earned premiums from ongoing businesses grew by approximately 12%. The company's expense ratio improved to 35.4% from 37.7% year-over-year due to reduced general and administrative expenses. Additionally, Argo entered into a Loss Portfolio Transfer agreement covering significant U.S. casualty reserves. This strategic move may stabilize future volatility.
Argo Group International Holdings, Ltd. (NYSE: ARGO) declared a quarterly cash dividend of
Argo Group International Holdings, Ltd. (NYSE: ARGO) will release its second quarter 2022 financial results on August 8, 2022, after U.S. markets close. An investor conference call will take place on August 9, 2022, at 10 a.m. EDT. Investors can access a live webcast at this link, or join by phone at +1-844-200-6205 (U.S.) or +1-929-526-1599 (international) using access code 995303. The replay will be available until August 16, 2022.
Argo Group International Holdings (NYSE: ARGO) has appointed Thomas A. Bradley as CEO, effective immediately, after serving as interim CEO since March 2022. Bradley will also retain his role as executive chairman. He succeeds Kevin J. Rehnberg, who will resign from the board due to health reasons. Bradley's extensive experience in the insurance sector, including leadership positions at various companies, is expected to strengthen Argo’s strategic direction. The company aims to continue its focus on enhancing operations and shareholder value.
Argo Group International Holdings, Ltd. (NYSE: ARGO) has declared a quarterly cash dividend of $0.31 per share, which will be paid on June 15, 2022, to shareholders on record as of May 31, 2022. This dividend reflects the company's commitment to returning value to its shareholders.
Argo specializes in property and casualty insurance, rated ‘A-’ by both Standard and Poor’s and A.M. Best. For more details, visit www.argogroup.com.
Argo Group International Holdings, Ltd. (NYSE: ARGO) reported a net loss of $3.6 million or $0.11 per diluted share for Q1 2022, a significant decline from the $27.2 million profit in Q1 2021. Net earned premium grew by 3.1%, while the combined ratio improved to 95.0%, down 8.8 points year-over-year. Operating income surged to $43.4 million, reflecting a robust operating return on equity of 11.4%. Catastrophe losses decreased to $8.7 million, a drop of $38.8 million compared to the previous year. Despite challenges, Argo remains confident in achieving its 2022 financial objectives.
Argo Group International Holdings, Ltd. (NYSE: ARGO) announced the exploration of strategic alternatives, which may include a sale or merger, aimed at maximizing shareholder value. The board postponed the 2022 annual general meeting to allow for this review process. Thomas Bradley, chairman of the board, noted the company has undertaken measures for profitable growth and disciplined expense management. Goldman Sachs has been appointed as a financial advisor while Skadden, Arps, Slate, Meagher & Flom LLP will serve as legal counsel.
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