Argo Group International Holdings, Inc. ("Argo" or "the company"), an underwriter of specialty insurance products, today announced the appointment of Chris Donahue as Chief Executive Officer. Mr. Donahue joined the company in November 2023 as Chief Financial Officer. "Chris has been integral to the transformation of Argo into a U.S.-focused specialty property & casualty company," said Jonathan Bayer, Chair of Argo's Board of Directors. "Argo has a focused strategy for its products and partners and is well positioned for future growth as Chris and the executive team continue to lead Argo." Mr. Donahue succeeds Jessica Buss, who has served as Argo's Chief Executive Officer since November 20

Jessica Snyder to serve as Argo Group CEO Argo Group International Holdings, Ltd. ("Argo") today announced the completion of Brookfield Reinsurance's acquisition of Argo in an all-cash transaction valued at approximately $1.1 billion. Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding common shares of Argo at a price of $30 per share. Argo's common shares have ceased trading on the New York Stock Exchange. Argo's leading U.S. specialty platform adds a foundational piece to Brookfield Reinsurance's expanding U.S. P&C operations and increases Brookfield Reinsurance's assets to over $50 billion. In connection with closing, Jessica Snyder will

Focused On Optimizing Business For Profitable Growth Pending merger with Brookfield Reinsurance: The parties have received a majority of the required regulatory approvals. The merger agreement outside date for completing the transaction has been automatically extended from today to February 8, 2024, pursuant to the terms of the merger agreement, as all conditions to closing are satisfied other than receipt of the remaining required regulatory approvals. Both companies remain committed to closing the transaction as expeditiously as possible, and expect the transaction to close in 2023, subject to receipt of the remaining required regulatory approvals. Argo Group International Holdings,

Industry veterans Rod Williams and Paul Drakontaidis also join the company Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "company") today announced Greg Chilson as president of Argo Surety, effective September 1. Chilson has served as a strategic advisor to the business since May. "Greg joins the company with a tremendous amount of industry experience as we look to build on Argo Surety's track record as a very profitable, growth-oriented business," said Argo's President of U.S. Insurance, Jessica Snyder. "Over the past few months, Greg has assisted us as we worked to implement our strategy to evolve the business, including the evaluation of Argo's in-force portfolio

Focused On Optimizing Business For Profitable Growth Pending merger with Brookfield Reinsurance: We continue to expect the merger to close the second half of 2023, subject to customary closing conditions, including receipt of required regulatory approvals. Low Catastrophe Losses: Total catastrophe losses were $3.1 million for second quarter 2023; catastrophe losses for the first six months of 2023 were 40% lower than the same period in 2022. Improved Efficiency: Expense ratio of 33.6% improved 1.8 percentage points from the prior year second quarter. Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "company") today announced financial results for the three and

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) announced today it will release second quarter 2023 financial results after the close of U.S. financial markets on Monday, August 7, 2023. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NYSE:ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group and its insurance subsidiaries are rated ‛A-' by Standard & Poor's. Argo's insurance subsidiaries are rated ‛A-' by A.M. Best. More information on Argo and its subsidiaries

Hires industry veteran as strategic advisor Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "company") today announced an agreement, effective immediately, with North American insurer, Trisura Group, Ltd. to support its surety underwriting operations as it works to revamp and grow its surety business. Trisura will provide surety underwriting services and other services to support Argo's surety operations. Argo will retain surety claims management responsibilities. The two companies intend to partner on and are actively negotiating appropriate terms related to shared surety and co-surety arrangements as well as fronting arrangements. "This partnership is an important s

Argo Shareholders Approve Proposed Merger with Brookfield Reinsurance  Reduced Catastrophe Losses: Total catastrophe losses of $3.6 million were 59% lower than the first quarter 2022; reflects volatility reduction efforts through exiting businesses with property catastrophe exposure. Disciplined Expense Focus: Expense ratio of 35.1% improved 90 basis points from the prior year first quarter, driven in part by ongoing cost reduction efforts. Continued Strategic Growth in U.S. Ongoing Business: U.S. Operations earned premiums decreased 3% from the prior year first quarter, while earned premiums from U.S. ongoing business1 grew approximately 6%, primarily attributable to business li

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) announced today it will release first quarter 2023 financial results after the close of U.S. financial markets on Monday, May 8, 2023. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS LTD. Argo Group International Holdings Ltd. (NYSE:ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group and its insurance subsidiaries are rated ‛A-' by Standard & Poor's. Argo's insurance subsidiaries are rated ‛A-' by A.M. Best. More information on Argo and its subsidiaries is av

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) today announced that Argo shareholders voted to approve an agreement for Brookfield Reinsurance Ltd. ("Brookfield Reinsurance") to acquire Argo in an all-cash transaction valued at approximately $1.1 billion (the "Merger"). The Merger remains subject to other customary closing conditions, including receipt of required regulatory approvals. Argo and Brookfield Reinsurance expect to complete the Merger in the second half of 2023. Argo will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission. About Argo Argo Group International Hold

Argo Group International Holdings, Inc. ("Argo" or "the company"), an underwriter of specialty insurance products, today announced the appointment of Chris Donahue as Chief Executive Officer. Mr. Donahue joined the company in November 2023 as Chief Financial Officer. "Chris has been integral to the transformation of Argo into a U.S.-focused specialty property & casualty company," said Jonathan Bayer, Chair of Argo's Board of Directors. "Argo has a focused strategy for its products and partners and is well positioned for future growth as Chris and the executive team continue to lead Argo." Mr. Donahue succeeds Jessica Buss, who has served as Argo's Chief Executive Officer since November 20

Industry veterans Rod Williams and Paul Drakontaidis also join the company Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "company") today announced Greg Chilson as president of Argo Surety, effective September 1. Chilson has served as a strategic advisor to the business since May. "Greg joins the company with a tremendous amount of industry experience as we look to build on Argo Surety's track record as a very profitable, growth-oriented business," said Argo's President of U.S. Insurance, Jessica Snyder. "Over the past few months, Greg has assisted us as we worked to implement our strategy to evolve the business, including the evaluation of Argo's in-force portfolio

Capital Returns' Claims Do Not Reflect the Reality of Argo's Actions Urges Shareholders to Continue to Support Argo's Positive Momentum by Voting "FOR" All Argo's Highly Qualified Director Nominees on the BLUE Proxy Card Today Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or "the Company") today announced that it is mailing a letter to shareholders in connection with its 2022 Annual Meeting of Shareholders urging all Argo shareholders to vote the BLUE proxy card "FOR" ALL seven of Argo's highly qualified director nominees. The Annual Meeting will be held on December 15, 2022, and shareholders of record as of October 26, 2022 are entitled to vote at the meeting. The full tex

Strategic Repositioning that Began in Late 2019 Has Created Stronger Growth Platform and Optimized Business Mix Refreshed Board, Which Includes Company's Largest Shareholder, Has Right Skills and Experience to Oversee Ongoing Strategic Review Process               Appointing Either of Capital Returns' Nominees Would Result in Loss of Superior Talent and Experience at Critical Juncture for Company Urges Stockholders to Vote the BLUE Proxy Card "FOR" ALL Seven of Argo's Highly Qualified Nominees Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or "the Company"), an underwriter of specialty insurance products, today announced that it has filed an investor presentation with th

Argo Board Possesses Relevant Expertise and Complementary Skillsets Necessary to Oversee Argo's Strategic Priorities and Ongoing Review Process Highlights Critical Expertise of Bernard Bailey and Al-Noor Ramji Reinforces that Capital Returns' Candidates Would Diminish the Board's Capabilities and Expertise – Questions Capital Returns' Assertion that It's a Long-Term Shareholder Urges Shareholders to Vote "FOR" All Argo's Highly Qualified Director Nominees on the BLUE Proxy Card Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or "the Company"), an underwriter of specialty insurance products, today announced that it is mailing a letter to shareholders in connection with its 20

Argo Group International Holdings, Ltd. (NYSE:ARGO), an underwriter of specialty insurance, today announced Jessica Snyder has been appointed to serve as president, U.S. insurance, effective immediately. Snyder will report to Tom Bradley, Argo's executive chairman and chief executive officer. "Jessica has extensive executive experience in the property and casualty insurance industry that will serve Argo well as we continue to invest in the U.S. business and accelerate profitable growth," said Bradley. "She also has a proven track record of leading transformational growth strategies. We are confident she is a strong leader to help drive our U.S. business into the future." With almost 30 ye

Mr. Plants will join Strategic Review and Human Resources Committees Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or "the Company") today announced the August 4, 2022 appointment of J. Daniel Plants as an independent member of the Company's board of directors (the "Board"). Mr. Plants is a seasoned investor, financial executive and senior advisor with three decades of experience helping companies successfully navigate change and unlock shareholder value. He currently serves as Chief Investment Officer of Voce Capital Management LLC, which he founded in 2011 after working at several leading financial institutions, including in executive positions in the mergers and acquisiti

Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or "the company"), an underwriter of specialty insurance products, today announced the appointment of Thomas A. Bradley, who has served as Argo's chairman since 2020, and who has been serving as interim chief executive officer ("CEO") since March 2022, as CEO, effective immediately. Bradley will also continue in his role as executive chairman of the board of directors. Kevin J. Rehnberg, who has been out on leave for health reasons since March 2022, will no longer serve as president or CEO and will resign from the company's board of directors, effective immediately. "During his time at Argo, Kevin made tremendous progress in tran

Highlights the Failure of the Company's Supposed Strategic Repositioning Warns Board Not to Undertake Any Refreshment Before the Annual Meeting Without Shareholder Input NEW YORK, March 15, 2022 /PRNewswire/ -- Capital Returns Management, LLC (together with its affiliates, "Capital Returns"), one of the largest shareholders among actively managed funds of Argo Group International Holdings, Ltd. ("Argo" or the "Company") (NYSE:ARGO), today issued the following statement in response to the Company's press release issued yesterday: The claimed "strategic repositioning" in 2020 has resulted in further destruction of shareholder value. Argo's press release yesterday demonstrates why we believe th

NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Capital Returns Management, LLC (together with its affiliates, "Capital Returns"), one of the largest shareholders of Argo Group International Holdings, Ltd. ("Argo" or the "Company") (NYSE:ARGO), sent a letter to the Company's Board of Directors today urging the Board to commence a strategic alternatives process and objectively consider a sale of the full Company. "Exploring the sale of the entire Company is the optimal and necessary next step to maximize shareholder value." In the letter, Capital Returns expressed the belief that Argo has an exceptional U.S. specialty business whose results are both restricted by capital constraints and obscured by