Argo Group results 2019 News

Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure

Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some “unacceptable” results, particularly a $114 million underwriting loss. Separately, there are also added expenses relating to the abrupt departure of controversial former CEO Mark Watson …

Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss

The day after Argo Group International Holdings announced CEO Mark Watson III was retiring “immediately,” investors seemed ecstatic, driving the company’s stock price up 5.6 percent on Nov. 6. Watson’s departure as CEO is a good thing for the bigger …

Argo Group’s Q2 Net Income Drops as Combined Ratio Climbs

Argo Group International Holdings Ltd. reported a drop in net income and a spike in its Q2 2019 combined ratio, due to higher catastrophe losses. At the same time, rate increases helped boost both gross written and net earned premiums. …

Argo Group Warns Q2 Earnings Will Take a Hit

Argo Group International Holdings Ltd. is warning that its results for its 2019 second quarter will take a hit due to losses affecting operations in London, Europe and Bermuda. Issues at play include: Prior year losses of about $22.5 million, …