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The ratings will remain under review with developing implications pending regulatory approvals from the Bermuda Monetary Authority and purchase of shares by Argus

Insurance firm says it is disappointed that a $100m sale of almost 40 per cent of its shares to a direct competitor has been agreed

The Royal Gazette/BSX Index closed down 25.62 points yesterday

The Royal Gazette/BSX Index closed unchanged on Monday

The Royal Gazette/Bermuda Stock Exchange Index closed down 3.16 per cent after trading took place on the Exchange for the first time all week. The Index closed down 79.97 points to 2453.69 on volume of 23,218 shares worth $279,320. Bank of Butterfi...

Argus Group Holdings Limited has reported net income for the six months to September 30 of $26.3 million, compared with $8.1 million in the previous year. Argus chief executive Alison Hill said: “The financial results for the six months to September ...

An insurance company chief executive who built his firm into a major player discovered his calling after he landed a job at the island’s weather service. John Sainsbury became chief executive officer and managing director of the Argus Group in 1981 ...

Argus Group Holdings Limited has reported full-year net income of $10.1 million, down $4.1 million from the previous year. Its total comprehensive income for the year, which includes unrealised gains, was $30.7 million, compared with $3.6 million a y...

A replica of the Bermuda Sloop Foundation’s Spirit of Bermuda has dropped anchor at the offices of one of the charity’s top supporters. The Argus Group, which has also donated office space to the youth development group, was presented with a cedar mo...

Argus Group Holdings Limited has named insurance industry veteran David A. Brown as its next chairman of the board. He will succeed Sheila Nicoll, who has served as chairwoman since 2010. Mr Brown’s appointment will be effective April 1. Ms Nicoll, w...

The Argus Group has temporarily closed its offices to walk-in traffic after a staff member tested positive for the coronavirus. In a statement the company said the premises will undergo deep cleaning before the doors are scheduled to reopen to the p...

Argus Group Holdings Limited made a $700,000 loss for the six months to the end of September. The underlying earnings in its core business operations were $12 million. The company said Covid-19 had “materially affected the business and individuals we...