Argo Group
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
Argo Q1 revenue up but hit by heavy cat losses
Total revenue was $372.3m versus $369.5m in the year-ago quarter
Nexus hires financial lines duo
Nexus Underwriting Management has hired two senior financial lines underwriters from Brit’s Lloyd’s Syndicate 2987.
Argo announces $30m share repurchase
The Argo Group has announced that it has entered into an accelerated share repurchase agreement with Goldman Sachs for $17.5 m of its common stock.
Argo moves into marine cargo
Argo has added marine cargo to its portfolio appointing Nick Derrick from Chubb Insurance as class underwriter to lead the new business.
Argo reports jump in profits
Argo reported full year net income of $117.5m or $3.81 per share up from net income of $62.9m or $2.05 per share, up from $97.6m, or $3.17 per share, in 2008.
Lloyd's insurer sets up new liability division with Argo hire
To build and lead the new division, which will specialise in international professional and general liability and related classes, Chaucer has recruited Mark Lawrence as head of division.
Recruitment moves
A selection of this months people moves in reinsurance
Argo International names new liability active underwriter
Paul Kneafsey gains promotion with Lloyd’s insurer
Argo appoints new CFO
Ciaran O'Donnell joins from FM Global
Former Heritage CFO resigns from Argo
Nick Denniston, former CFO at Heritage, is thought to be leaving the company.
Argo appoints new PA class underwriter
Lindsay Taylor joins from CNA Financial
Argo adds two senior executives
Argo, the Bermudian (re)insurer, said that it has appointed two senior staff to its team.
Argo net income improves
Bermudian reinsurer's third quarter net income improves by around $30m.