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, Ltd. (NYSE: ARGO) has provided an update on its strategic review, highlighting the sale of its Lloyd’s Syndicate to Westfield for approximately $125 million. This divestment aims to streamline operations and focus on U.S. specialty insurance. Additionally, a Loss Portfolio Transfer with Enstar is expected to enhance Argo's regulatory capital and reduce earnings volatility. The board, led by J. Daniel Plants, is exploring various strategic alternatives to enhance shareholder value.
Argo Group International Holdings, Ltd. (NYSE: ARGO) has entered into a definitive agreement to sell Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200 to Westfield for approximately
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.
