Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Argo Group John Moffatt - Chief Underwriting Officer and Active Underwriter at Feb 8 (Reuters) - Brookfield Asset Management's (BAM.TO) reinsurance unit agreed to take insurer Argo Group International (ARGO.N) private in a $1.1 billion deal, as the Canadian firm looks. Brooklyn,NY11219 We target well-established, independent MGAs, broker schemes and affinity schemes, and we also consider startups. Discover how Argo empowers everyone to achieve more, together. Argos leading U.S. specialty platform adds a foundational piece to our expanding U.S. P&C operations. . Fax: 441-296-6162441-296-6162, Andrew Hersom The transaction is not subject to any financing condition or contingency. The Ascot Way We're a preeminent specialty risk-assumption organisation. February 08, 2023 08:29 ET Note: We do not offer technical support for developing or debugging scripted downloading processes. Corporate Responsibility About Argo We help businesses stay in business Our focus is specialty insurance. Collaborating isnt just the best way to get work done, it creates a workplace that values human connection. Review Argo Groups latest financial statements and read our philosophy on corporate responsibility. ArgoGlobal writes a worldwide book of construction projects associated with the energy exploration and production industry. Our inland marine insurance coverage protects business materials and property while they are being transported. Argo Group is a leader in specialty insurance with a vibrant culture built on respect, equality, wellness and opportunity. 01 September 2022 Westfield Specialty is in advanced negotiations to buy Argo's 600mn-GWP Lloyd's business, as the New York-listed firm's strategic review evolves from the group-level sale. Adam Seager - Chief Risk Officer - Americas - Argo Insurance Group Inc Rockwood policyholders can access online manuals and employee phone listings through Web-TDS. If you are looking for direct access to an insurance professional, excellent service and a company you can trust, Argo is your new home for insurance. Please tell us what we can do to improve this article. This press release may include, and Argo and Brookfield Reinsurance may make related oral, forward-looking statements which reflect Argos or Brookfield Reinsurances current views with respect to future events and financial performance. Please tell us what you liked about it. London Langdon joins AIG from Chubb, where he spent over 16 years, most recently as global head of Upstream Energy. Liked by Ashley Lawrence. Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we're bound by a common mission and purpose: One Ascot. Prior to joining Argo, Eccles was the active underwriter for Travelers Syndicate 5000. IPO Update: Fidelis Insurance Finalizes $298 Million IPO Plan INVESTORS IN AND SECURITY HOLDERS OF ARGO ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR WILL BE FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Westfield Expands into International Specialty Insurance Business Eccles will report to Peter Bilsby, global head of Specialty, and will be based in London. October 4, 2021 Argo Group International Holdings Ltd., an underwriter of specialty insurance, announced an agreement to sell its Brazilian operations, Argo Seguros Brasil S.A. (Argo. Apply today! The board also announced the postponement of Argo's 2022 annual general meeting of shareholders until the second half of this year. Brookfield Reinsurance Ltd.; Argo Group International Holdings, Ltd. You may obtain free copies of these documents as described in the preceding paragraph filed with, or furnished to, the SEC. Vice President - ERM. We consider primary and excess opportunities. 441-296-6162[emailprotected], (Access online manuals and employee phone listings), 3 Ways Argo Marine Is Helping Insurers Overcome Supply Chain Instability, How Autonomous Vehicles Will Impact the Future of Insurance, Avoid Red Flags in Submissions | Property Casualty 360, GCIS Agency / Policyholder On-line For further information regarding the definitive merger agreement, please see Argos current report on Form 8-K, which will be filed with theU.S. Securities and Exchange Commission (the SEC)and will contain a summary of the material terms and conditions of the merger agreement, as well as a copy of the merger agreement. Successfully executing on its Specialty Insurance expansion strategy, Westfield today announced its entrance into the international specialty market via the purchase of Lloyd's of London Syndicate 1200 from Argo Group International Holdings, Ltd. (NYSE: ARGO). Langdon will report to Gordon Browne, global head of Energy . 90 Pitts Bay Road [emailprotected] Brookfield Reinsurance to take insurance firm Argo private in $1.1 bln Brookfield Reinsurance to Acquire Argo in $1.1 Billion Capital Returns Management Calls Upon the Board of Argo Group which is why Argo Marine flexes to fit the unique needs of each policyholder. By using this site, you are agreeing to security monitoring and auditing. We write a broad range of marine cargo risks, providing coverage to importers, exporters, manufacturers, wholesalers, retailers and distributors. As part of the senior finance leadership team this role will Be accountable for the delivery on all. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. Argo exploring options including sale and merger We. Argo Group offers creative solutions to unique challenges. Information regarding Brookfield Reinsurances directors and executive officers is contained in Brookfield Reinsurances Form 20-F filed on March 23, 2022. (NYSE/TSX: BN). From 2020 to February 2023 he was Group President with executive responsibility for the Group's U.S. and Bermuda insurance and reinsurance platforms. ARGO Insurance Group - Argo Insurance Group - Auto/Home/Life/Commercial Jobs - Argo Group Loss Run, Non-construction Primary General Liability, Specialized underwriters and claims service, Full suite of environmental liability products, Experts in environmental risks and claims, Mitigate risk with online reporting platform, Admitted and non-admitted garage products through wholesale general agents, Wide range of auto dealer and service operations, Construction, builders risk, logistics and specialty equipment floaters, Specialized claims experts with diverse legal backgrounds, Mining, last-mile logistics and other industries, Site visits and training to improve workplace safety, P&C and management/professional liability for targeted business segments, Admitted or non-admitted surplus lines capacity, Commercial, contract and international surety bonds, Engineering expertise in mining; oil and gas. Argo to consider sale as it explores 'strategic alternatives' You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. Pembroke, HM 08 If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. We look forward to partnering with the Argo team to support the growth of its core businesses, build on its strong franchise, and deliver value for policyholders., Thomas A. Bradley,Argos Executive Chairman and Chief Executive Officer, said, This transaction brings a successful conclusion to Argos strategic alternatives review process and represents the best path forward for Argo, our employees and policyholders while also maximizing value for our shareholders. Fax: 814-926-3249, Phone: 210-321-8400 This press release is not a substitute for the proxy statement or any other document that Argo or Brookfield Reinsurance may file with the SEC. Argo undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by the federal securities laws. Argo in advanced talks to sell Lloyd's business to Westfield Specialty Our underwriting staff is built on the pillars of flexibility, knowledge and creativity exactly the features required to ensure the smartest approach to each client risk. He joins AIG from Argo where he was chief underwriting officer International and active underwriter for ArgoGlobal Syndicate 1200 at Lloyds. Argo and its insurance subsidiaries are rated A- by Standard and Poors. He will start his new role in April 2020. But so is our commitment to giving back to the communities where we live and work. ARB.L - Argo Blockchain plc - Yahoo Finance Phone: 441-296-5858Fax: For more information about our privacy practices please visit our website. Now writing specialty insurance in the Lloyd's of London market, Westfield Specialty is well-positioned to offer brokers, agents, and clients greater access to Westfield's expertise and product solutions. Personalized Approach. | Source: Our underwriting staff is built on the pillars of flexibility, knowledge and creativity . Phone: 441-296-5858Fax: Such statements include forward-looking statements both with respect to Argo in general, and to the insurance and reinsurance sectors in particular (both as to underwriting and investment matters). Loss Run. http://www.amstock.com, David Snowden Our overall goal is to work with strategic partners supporting their business. Argo, Brookfield Reinsurance and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Argos shareholders in connection with the proposed transaction. Argo Groups commitment to securing the future for our business partners and employees is unwavering. Argo Marine offers a full suite of admitted and non-admitted products and coverages for the inland marine market. All such documents, when filed or furnished are available free of charge on the SECs website (www.sec.gov) or by directing a request to Argo at the Investor Relations contact above. About ArgoArgo Group International Holdings, Ltd. (NYSE: ARGO) is a U.S. focused underwriter of specialty insurance products in the property and casualty market. We are here to drive innovation in insurance to manage risk more effectively. Argo has said its board of directors has begun to explore 'strategic alternatives' including a potential sale, merger, or other strategic transaction. Markel. Home - Lloyds Contact - Argo Group Today, Argo's stock trades at just book value, and 12x projected consensus estimates of 2022 EPS, while its specialty insurance peers enjoy an average valuation of 2.2x book value and 19x. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. Insurance Insider is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y . Brookfield Reinsurance Ltd.; Argo Group International Holdings, Ltd. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence . In connection with the execution of the merger agreement, Voce Capital Management LLC entered into a voting and support agreement whereby Voce Capital Management LLC agreed to vote all of the common shares held by it in favor of the merger and take certain other actions, subject to the terms and conditions of the voting and support agreement. We work with the following Insurance providers. Argo. 1001 and 1030). Thanks for contacting us, we will get back to you shortly. Our products help power the businesses driving the world economy. For service or a quote, please call or email us at: 222 Schilling Cir Suite 120, Hunt Valley, MD 21031, Powered by Next Flight Creative Solutions. Eric Michel Argo Group and subsidiaries' ratings downgraded by A.M. Best The downgrade also reflects the company's recently announced fourth-quarter results, which included an operating loss and a combined ratio . Argo Groups international insurance offerings. Our team of agents listens to our clients and designs an insurance program around what they value and need. Sachin Shah, Chief Executive Officer of Brookfield Reinsurance, said, The acquisition ofArgorepresents another milestone in the continued expansion of our insurance solutions business. Argo Insurance. As head of the U.K. business, he will be responsible for developing and executing the U.K. strategy in line with the global energy strategy, as well as driving underwriting excellence. Insure your auto dealer or auto service operation with our expert team and easy-to-use rating and issuing systems. Before joining the company in 2020, he was President and CEO of Everest Insurance and Executive Vice President of Everest Re Group, Ltd. SVP Underwriting, Head of Inland Marine, Ashley Heline Fax: 210-377-2637 Please feel free to ask our agents about any of our products. The merger consideration per Argo common share represents a 6.7% premium to Argo's closing share price on February 7, 2023, and a 48.7% premium over Argo's closing share price on September 7 . Excess Surplus Homepage - Optio By joining BrookfieldReinsurance, Argo will continue to serveour brokerswith greater financial strength and opportunities to grow as a U.S.-focused specialty insurer.. Argo Group Announces Sale of Lloyd's Syndicate 1200 to Westfield AVP, Marketing and Producer Management, E&S, Phone: 441-296-5858Fax: Westfield Insurance Co. said Thursday it will enter the international specialty insurance market with the $125 million acquisition of Lloyd's of London Syndicate 1200 from Argo Group . Collaborative. Argos insurance subsidiaries are rated A- by A.M. Best. Admitted and non-admitted garage products through wholesale general agents Wide range of auto dealer and service operations VIEW Create a safe work culture with expert help in every step of the process from underwriting to claims. We operate a first-class service within our underwriting and in-house claims team. Enterprise Risk Management. Claims: 833-240-4128, Toll-free: 800-837-9062 Fax: 480-481-3535 No two insureds are the same, which is why Argo Marine flexes to fit the unique needs of each policyholder. The proposed transaction is subject to risks and uncertainties and factors that could cause Argos and Brookfield Reinsurances actual results to differ, possibly materially, from those in the specific projections, goals, assumptions and statements herein including, but not limited to: (i) that Argo and Brookfield Reinsurance may be unable to complete the proposed transaction because, among other reasons, conditions to the closing of the proposed transaction may not be satisfied or waived, including the failure to obtain Argo shareholder approval for the proposed transaction or that a governmental authority may prohibit, delay or refuse to grant approval for the consummation of the transaction; (ii) uncertainty as to the timing of completion of the proposed transaction; (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (iv) risks related to disruption of managements attention from Argos or Brookfield Reinsurances ongoing business operations due to the proposed transaction; (v) the effect of the announcement of the proposed transaction on Argos or Brookfield Reinsurances relationships with its clients, employees, operating results and business generally; and (vi) the outcome of any legal proceedings to the extent initiated against Argo or Brookfield Reinsurance or others following the announcement of the proposed transaction, as well as Argo or Brookfield Reinsurance managements response to any of the aforementioned factors. A track record of growth and profitability, A deep understanding of the markets it serves, A commitment to providing efficient digital solutions, A proven ability to manage through all insurance cycles, Well-developed risk management practices and controls. We. ArgoGlobal provides coverage for general and specialist medical exposures for individual professionals, such as non-surgical medical practitioners, complementary/alternative practitioners; including clinic and corporate risks. Westfield Completes Acquisition of Lloyd's of London Syndicate 1200 We're Sorry. Langdon will report to Gordon Browne, global head of Energy & Construction, and will be based in London. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein or elsewhere, including the risk factors included in Argos most recent Annual Report on Form 10-K and Form 10-K/A, and Quarterly Report on Form 10-Q, Brookfield Reinsurances Form 20-F and other documents of Argo or Brookfield Reinsurance on file with, or furnished to, the SEC. ArgoGlobal covers a broad range of marine liability risks on a worldwide basis. Loss Runs Email is devlossruns@colonyspecialty. Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB) (NASDAQ:ARBK), announces it will hold its Annual General Meeting ('AGM') at 3:00 PM on 30 June 2023 at the offices of. Ex-99.1 If you are looking for direct access to an insurance professional, excellent service and a company you can trust, Argo is your new home for insurance. Claims: 833-240-4128, Phone: +39 06 85379811 Fidelis Insurance Holdings Limited . For more information, please visit our website at bnre.brookfield.com. Whether youre a broker, an investor or a policyholder, Argo has you covered.