Operations/tech
-
The amount will be paid in one installment of $200,000, two of $100,000 and a final $175,000 payment over the next 18 months.
-
The severance package will be paid in three separate installments of $250,000 over the next 18 months.
-
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.
-
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.
-
In addition, the executive will be eligible to participate in the company's long-term incentive program with a target grant date value of $11.1mn.
-
Since joining the company in 2017, the executive has helped to spearhead a turnaround in performance for the carrier.
-
The Bermudian claimed Ron Bobman and David Michelson’s directorship would ‘diminish’ the board’s capabilities and expertise.
-
The likely windows for a secondary offering of Corebridge's common stock will be mid- to late March as well as mid-May to late June.
-
In an interview, the CEO also addressed the carrier’s international expansion and portfolio remediation.
-
The latest Gallagher Re InsurTech study shows that, beyond the biggest funding rounds in Q3, investment fell to its lowest level since early 2020.
-
Argo is set to hold its annual meeting with shareholders on December 15, when seven nominees will be elected to the board.
-
The activist reduced its position to 3.05% of the insurer from the ~6.6% stake it owned at the end of Q2.
Most Recent
-
Daily Digest: Top news from November 22
November 22, 2024 -
Cyber attacks on supply chain up 431% since 2021: Cowbell
November 22, 2024 -
PE firm Capital Z takes $240mn minority stake in retail broker Leavitt
November 22, 2024