Capital Returns accuses Argo of filing ‘insincere’ investor presentation

November 21, 2022

Capital Returns has rebuked Argo’s recently filed investor presentation, calling it “insincere” while claiming the insurer has underperformed its selected-peer group for the past 10 years and failed to create long-term value.

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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