Argo Group International Holdings Ltd

Overview

Argo Group International Holdings Ltd (Argo Group) is a provider of property and casualty insurance and reinsurance products. The company’s insurance product portfolio includes excess and surplus lines, commercial specialty, and international specialty. Its Excess and surplus lines offers insurance coverage for casualty, property, contract environmental, transportation, and professional liability. Its Commercial Specialty offers insurance product for workers' compensation insurance, u.s. grocery and retail worldwide professional lines, worldwide casualty, commercial surety bonds, errors and omissions, management liability, and title. The international specialty offers insurance for engineering, professional, energy, cargo, marine, surety, and aviation. The company distributes its products through brokers and agents and caters to businesses and professionals. The company has its major operations in the US, Bermuda, Dubai, Brazil, and the UK. Argo Group is headquartered in Pembroke, Hamilton, Bermuda. The company reported gross written premium of US$3,233.3 million for fiscal year ended December 2020 (FY2020), an increase of 3.3% over that in FY2019. Its earned premium were US$1,780.5 million in FY2020, an increase of 2.9% over that in FY2019.
Key Stats
Address
110 Pitts Bay Road, PEMBROKE, HM 08, Bermuda
Headquarters

Bermuda

Contact

1 441 2965858

No of Employees

1,448

Industry

Financial Services

Ticker Symbol & Exchange​

ARGO [NYSE]

Revenue (2020)

$1,894 m

-4.8% (2020 vs 2019)
Net Income (2020)

$-54 m

-283% (2020 vs 2019)
Net Profit Margin

-3 %

-302.8% (2020 vs 2019)
Market Cap *

$1,784 m

EPS *

$-1.7

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Argo Group International Holdings LtdAmerican International Group Inc (AIG)Everest Re Group LtdWhite Mountains Insurance Group Ltd
Key Information
Headquarters Bermuda United States of America Bermuda United States of America
Headquarter City PEMBROKE NEW YORK HAMILTON HANOVER
Headquarter State/Province - New York - New Hampshire
No. of Employees 1,448 45,000 1,746 1,366
Entity Type Public Public Public Public

Products & Services

Argo Group is an underwriter of property and casualty insurance and reinsurance products. Key products offered by the company include:

Products
  • Casualty
  • General Liability (ArgoGlobal)
  • Commercial Combined
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
Services
  • Ariel Re
  • Argo Surety
  • Colony Specialty
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
  • Etiam Rutrum Elit
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Scott Kirk Chief Financial Officer Senior Management 2021 47 Mr. Scott Kirk has been the Chief Financial Officer of the company since March 2021. Previously, he served as the...
Kevin J. Rehnberg Director; President; Chief Executive Officer Executive Board 2020 57 Mr. Kevin J. Rehnberg has been the Chief Executive Officer and President of the company since February 2020. Previously, he...
Timothy D. Carter Chief Underwriting Officer Senior Management 2020 54 Mr. Timothy D. Carter has been the Chief Underwriting Officer of the company since June 2020. Prior to that, he...
Alex Hindson Chief Risk Officer Senior Management 2015 - Mr. Alex Hindson has been the Chief Risk Officer of the company since 2015. Prior to this, he served as...
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History

Year Event Description
2021 Contracts/Agreements In February, the company partnered with Spill Center Inc, to offer spill support to its…
2021 Contracts/Agreements In August, the company entered into an agreement to sell the renewal rights of its…
2020 Divestiture In February, the company entered into an agreement to sell Trident Public Risk Solutions to…
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Locations


Colony Insurance Company

Address

Suite 200, 9201 Forest Hill Avenue, Richmond
United States of America

Telephone

1 804 3271700

Website

www.colonyins.com
Argo Underwriting Agency Limited

Address

Exchequer Court, 33 St Mary Axe, London EC3A 8AA
United Kingdom

Telephone

44 20 771 276 00

Website

http://www.argo-int.com
Ariel Holdings Ltd.

Address

5th Floor, Victoria Place, 31 Victoria Street, Hamilton
Bermuda

Telephone

1-441 295 5485

Website

www.arielholdings.com
Insight Insurance Services, Inc.

Address

2000 S Batavia Avenue, Suite 300, Geneva
United States of America

Telephone

1 630 2081900

Argonaut Insurance Company

Address

100 Marine Parkway, Suite 500, Redwood City
United States of America

Telephone

1 650 508 5400

Website

www.argogroupus.com
Argo Solutions, S.A.

Address

Avenue Marcel Thiry, 79 BTE 3, Brussels
Belgium

Telephone

32 2 7770909

Ariel Re BDA Limited

Address

5th Floor, Victoria Place, 31 Victoria Street, Hamilton
Bermuda

Telephone

441 295 5485

Website

www.arielre.com
Alteris Insurance Services, Inc.

Address

250 Summer Street, 3rd Floor, Boston
United States of America

Telephone

866 650 4016

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
02 Sep 2021 Mesa Underwriters Specialty Insurance Company (MUSIC) to Acquire Renewal Rights of its Contract Binding Property and Casualty Business from Argo Group International Holdings Asset Transaction Mesa Underwriters Specialty Insurance Company Argo Group International Holdings Ltd
23 Dec 2020 Perfuturo Capital to Acquire ArgoGlobal Assicurazioni from Argo Group International Holdings Acquisition Perfuturo Capital AG ArgoGlobal Assicurazioni S.p.A.
02 Nov 2020 Pelican Ventures and J.C. Flowers Acquires Ariel Re Business from Argo Group International Holdings Private Equity Pelican Ventures - UK; J.C. Flowers & Co LLC
08 Jul 2020 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
06 Feb 2020 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
03 Oct 2019 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit

Jobs Overview

121

Active Jobs

68

Posted

44

Closed

Job Trends

Latest Jobs

Job title Company Country
Audit Analyst Argo Group International Holdings Ltd United States
AVP, US Underwriting Business Process Outsourcing Argo Group International Holdings Ltd United States
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Cras Malesuada Dolor nisi Lorem minim amet cillum elit. Cursus Sed Pulvinar
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