Welcome to our dedicated page for Argo Group Intl news (Ticker: ARGO), a resource for investors and traders seeking the latest updates and insights on Argo Group Intl stock.
Argo Group International Holdings, Inc. (“Argo”) is an underwriter of specialty insurance products in the property and casualty market. Company news releases describe Argo as focusing on business customers, with a U.S.-focused specialty property and casualty strategy and a surety business that has been the subject of dedicated leadership appointments and partnerships.
The ARGO news feed on Stock Titan aggregates company-issued announcements and market disclosures that explain how Argo’s specialty insurance operations are evolving. These items include quarterly and annual financial results, where Argo reports on gross written premiums, net written premiums, earned premiums, loss ratios, expense ratios, combined ratios, catastrophe losses, and reserve development. Such releases provide insight into underwriting performance, the impact of catastrophe events, and the effect of business exits and disposals on international and U.S. operations.
News coverage also reflects major corporate events. A Business Wire release dated November 16, 2023, reports the completion of Brookfield Reinsurance’s all-cash acquisition of Argo and notes that Argo’s common shares ceased trading on the New York Stock Exchange. Subsequent announcements describe leadership changes, including appointments to the chief executive officer and chief financial officer roles, and highlight Argo’s positioning as a U.S.-focused specialty property and casualty company within its new ownership structure.
In addition, Argo has issued releases on strategic initiatives such as its partnership with Trisura Group to support surety underwriting operations and its later announcement of the full redemption and planned delisting of its Series A preferred stock depositary shares and Argo Group US, Inc.’s 6.500% Senior Notes due 2042. For investors and observers, following ARGO news offers a view into Argo’s financial performance, capital structure changes, ratings disclosures, and strategic direction as part of the Brookfield-related insurance platform.
Argo Group International Holdings (NYSE: ARGO) has secured shareholder approval for an all-cash acquisition by Brookfield Reinsurance Ltd. valued at approximately
The company maintains an 'A-' rating from Standard and Poor’s and A.M. Best, highlighting its financial stability and competitive standing in the insurance market.
Argo Group International Holdings announced a definitive merger agreement with Brookfield Reinsurance for approximately $1.1 billion, following a significant strategic review. The company has transformed into a focused U.S. specialty insurer after selling Argo Underwriting Agency and its Lloyd's Syndicate. Financial results for Q4 2022 showed a net loss of $111.8 million, improving from a loss of $117.8 million in the previous year. Gross written premiums decreased by 12.2% to $644.5 million. The company aims to enhance growth opportunities through this merger, positioning itself as a market leader.
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.