Argo
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The remark addressed Argo’s Q4 $132mn reserve charge that fueled activist claims that the company should be sold. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Q1 net adverse prior year reserve development was $3.4mn, or 0.7 points on the LR, up from last year’s $1mn net reserve charge.
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Inside P&C’s news team canters through the week’s key developments.
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The firm initiated an exploration of strategic alternatives – including a potential sale or merger.
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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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Ron Bobman first called for the sale of the firm back in September 2021, and recently launched a proxy campaign to join its board.
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The embattled carrier has faced mounting pressure from investors to sell the business.
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Argo Re kept its A- (excellent) financial strength rating.
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Based in Chicago, the executive will join the construction practice led by senior vice president Kristyn Smallcombe.
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Inside P&C’s news team runs you through the key developments from the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
Related
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Argo snags Vantage exec Parella as new CCO
January 07, 2025 -
Argo shelves sale of Bermuda excess insurance business
June 13, 2024