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Argus

Local Business

"Argus’ $144 million in losses since 2009; A closer look"

Argus Group lost a total of $144 million in the past three years, mainly on its Butterfield Bank stake and soured non-core investments. CEO Alison Hill and Chief Financial Officer David Pugh, who sat down yesterday with The Royal Gazette to talk abou...
Jan 12, 2012
Other

"Argus reports $3.9m six-month loss on soured investment"

Argus Group Holdings Ltd made a net loss of $3.9 million for the six months ended September 30, 2011, driven by a soured investment in a Bermuda-based reinsurance company, the company announced yesterday. The insurer said results were impacted by an ...
Dec 19, 2011
Other

"Argus urges fire-impacted clients to get in touch"

Insurer Argus Group yesterday urged customers impacted by the HWP fire to contact the company as soon as possible. John Doherty, Argus’s executive vice-president, property and casualty, said: “The Argus Group wishes to extend its sympathies to HWP an...
Aug 11, 2011
Other

"Argus suspends dividend after $5.7m net loss"

Argus Group Holdings Ltd reported a net loss of $5.7 million for the year ended March 31, 2011, due primarily to the deterioration in value of some of its investments in Bermuda, and suspended its dividend payment. Despite recording net earnings of $...
Jul 18, 2011
Letters to the Editor

"Argus apologises"

This was sent to Judith Davidson in response to a Letter to the Editor entitled “Big crowd, one elevator” and was copied to The Royal Gazette. April 13, 2011 Dear Judith, Many thanks for your e-mail and for letting us know about your experience at o...
Apr 19, 2011
Other

"Argus relocates Malta business"

The Argus Group has announced the relocation of the company’s Malta-based business Fogg Insurance Agencies Ltd (Fogg) which it acquired in June 2010. Fogg has moved to new offices at La Concorde in Ta’Xbiex, demonstrating the Argus’ commitment to inv...
Mar 31, 2011
Reinsurance

"Argus hires three managers from rival local insurers"

The Argus Group yesterday announced three new appointments to its senior management team after recruiting them from rival local insurers. Peter Crayford has joined Argus as assistant vice-president, property and casualty, Lisa Jackson takes on the ro...
Mar 11, 2011
Other

"Argus Walk the Walk raises twice as much for charities"

Charities across the Island received $19,200 from the Argus Walk the Walk event this year. It was the second year the event has been held and raised twice the amount it did in 2010. The fundraiser allowed participants to choose the charity they want...
Mar 09, 2011
Reinsurance

"Best lowers Argus credit rating"

Credit rating agency AM Best Co yesterday downgraded the financial strength rating of insurer Argus Group Holdings Ltd for the second time in two years, citing a “significant decline” in the company’s capital position over the past two years. Argus c...
Mar 02, 2011
Other

"Argus Group downgraded"

Credit rating agency AM Best Co has downgraded the financial strength rating of insurer Argus Group Holdings Ltd following a “significant decline” in the company's capital position over the past two years. Argus now has a financial strength rating o...
Mar 01, 2011
Health

"Second Argus Walks the Walk to be held on Sunday"

The second annual Argus Walks the Walk event will help raise cash for charities across Bermuda this coming Sunday. The 5K event is run by the Argus Group and The Centre on Philanthropy, and allows participants to choose the Bermuda-registered charity...
Feb 22, 2011
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