Argo

The losses mainly relate to event cancellation and BI losses.

RLI shares plunged by nearly 12 percent, while and Argo dropped over 6 percent.

Bernard Bailey and Fred Donner join Carol McFate as new Argo directors following a shareholder vote.

Insurance stocks outperformed as Federal Reserve agreed to take further action and lawmakers mulled a pandemic backstop.

The bolstered position follows a detente between the fund and the insurer’s management.

Transformations in Argo’s corporate governance following the proxy advisers’ support for little-to-no change raises questions about the role such firms play in a complex business like insurance.

Argo’s proxy filing unveils the depth of its past culture issues and raises questions on what the board knew, when it disclosed it, and how that shaped the terms of Mark Watson's departure.

The former CEO has instructed his lawyers to dispute what the company believes he should repay.

The expenses were made public in a disclosure to investors on Friday.

AM Best issued a cruel blow to the sense of a new dawn at Argo with a ratings downgrade and a negative outlook, largely citing corporate governance concerns.

The ratings agency said the action follows Argo’s response to a recent SEC subpoena.

Argo kicked off a new era under new leadership as it looked to rebuild bridges with external stakeholders after a bruising 2019, hinting at a bold plan to “simplify, reduce and eliminate”.