Argo
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Enstar is conducting due diligence around taking on the rest of the Argo back book. -
Activist investor Capital Returns had nominated Ron Bobman and David Michelson, but withdrew the nominations on Monday.
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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 withdrawals of the activist investors have come just three days before the insurer’s annual shareholder meeting.
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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 carrier has called this month’s vote ‘a critical moment in Argo’s history’.
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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 activist investor’s statement comes as a reaction to Argo’s message to investors last Friday ahead of the carrier’s annual shareholder meeting.
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The carrier is urging shareholders to appoint all seven of its nominees to the board in an annual meeting next month, amid activist investor pressure.
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Inside P&C’s news team runs you through the key highlights of the week.
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Completion of the transaction followed receipt of the required regulatory approvals and satisfaction of other closing conditions.
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The Bermudian claimed Ron Bobman and David Michelson’s directorship would ‘diminish’ the board’s capabilities and expertise.
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