Argo
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The carrier has called this month’s vote ‘a critical moment in Argo’s history’. -
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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The CEO addressed the progress of the strategic process in his first interview since taking the role.
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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 insurer received regulatory approval for the LPT yesterday and expects to take the related $100mn charge in Q4 instead of Q3.
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The specialty insurer booked an $11.9mn overall net adverse reserve development, up from $6.2mn last year, fueled by a $16.2mn charge in the US business.
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Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.
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