Argo
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Argo’s underwriting loss widened to $109mn in Q4 2021 from $33.7mn the year before, driven by a $132mn reserve charge.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Argo’s Q4 2021 loss ratio jumped to 87.1% from 69.8% a year ago, despite cat losses dropping to $6.8mn from over $50mn in Q4 2020.
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Let’s get you up to speed on some of this week’s key M&A deals.
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The $130mn-$140mn reserve charge undermines the management case that it can turn the business around.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company said on Tuesday it would take up to a $140mn reserve charge on prior-year claims in Q4 and write down the value of its Lloyds business by as much as $45mn.
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The investor has been calling on the board to explore strategic alternatives for the business since September last year.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company is also writing down the value of Syndicate 1200 by $40mn-$45mn.
Related
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Argo snags Vantage exec Parella as new CCO
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Argo shelves sale of Bermuda excess insurance business
June 13, 2024