Argo
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
It is understood that the carrier, which is currently going through a sale process, is being advised by TigerRisk.
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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 board retained Goldman Sachs to advise in April, and the investment bank has been running a sales process.
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Current CEO Bradley will receive 78,760 shares of restricted stock over a 12-month period, as well as 135,000 stock appreciation rights with an exercise price of $43.80.
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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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Kevin Rehnberg, who has been out on leave for health reasons since March 2022, is stepping down from the top role and the board of directors.
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KPMG has been appointed to succeed its Big Four rival as the up-for-sale Bermudian tries to turn the page on its delayed annual filings.
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Selling Argo may be harder than you think given its Lloyd’s operation and questions around balance sheet strength.
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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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Last month, Argo’s board announced they were looking at an “exploration of strategic alternatives” for the company.
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The remark addressed Argo’s Q4 $132mn reserve charge that fueled activist claims that the company should be sold.
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