Argo

Current CEO Thomas Bradley, who announced his intention to retire on the closure of the deal, will receive a one-time cash bonus of $1.2mn.

The Inside P&C news team runs you through the earnings results for the day.

The appointment follows that of Williams and Drakontaidis as head of contract surety and head of commercial surety respectively.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The Inside P&C news team runs you through the earnings results for the day.

Argo has also hired former RLI surety head Greg Chilson as an adviser.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The charge was related to a reassessment of potential claims in professional lines, mostly from accident years 2019 and prior, and to losses from businesses Argo has exited.

The companies expect to complete the transaction in the second half of the year, subject to regulatory approvals and customary closing conditions.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Argo’s first bids included an implied firm value of $49.71 per Argo common share and $40 per share in cash, among others.

Inside P&C’s morning summary of the key stories to get you up to speed fast.