词条 | Argo Group |
释义 |
| name = Argo Group International Holdings, Ltd | logo = New Argo Logo.png | type = Public | traded_as = {{NYSE|ARGO}} Russell 2000 Component | industry = Insurance | foundation = {{start date and age|1948|08}} | location = {{nowrap|110 Pitts Bay Road}} {{nowrap|Pembroke HM 08}} Bermuda | key_people = {{nowrap|Mark E. Watson III}} {{nowrap|{{small|(President & CEO)}}}} {{nowrap|Jay S. Bullock}} {{nowrap|{{small|(Executive VP & CFO)}}}} | revenue = {{nowrap|{{increase}} US$ 1.58 billion {{small|(2016)}}}} | operating_income = {{nowrap|{{increase}} US$ 201.5 million {{small|(2016)}}}} | net_income = {{nowrap|{{decrease}} US$ 146.7 million {{small|(2016)}}}} | assets = {{nowrap|{{increase}} US$ 7.21 billion {{small|(2016)}}}} | equity = {{nowrap|{{increase}} US$ 1.79 billion {{small|(2016)}}}} | num_employees = {{nowrap|1,306 {{small|(2016)}}}} | homepage = {{url|www.argolimited.com|www.ArgoLimited.com}} }}Argo Group International Holdings, Ltd, or Argo Group ({{NYSE|ARGO}}),[1][2] is a Bermuda-based international underwriter of specialty insurance and reinsurance products in the property and casualty market.[3] In 2017, the San Antonio Express News wrote that "The company has made more than $1 billion in profit over the last decade as a mid-sized player in a niche field insuring complex or hard-to-price risks other insurers won’t touch."[4] Argo was listed on the New York Stock Exchange in May 2018.[5] HistoryOriginArgonaut Insurance was founded in California in 1948 as the Argonaut Insurance Exchange. It focused on underwriting workers compensation for the California construction industry.[6] It was acquired in 1969 by Teledyne Technologies,[7] then expanded into additional product lines and acquired Great Central Insurance.[8] 1986-2000In September 1986 Teledyne Technologies formed and then spun off Argonaut Group, with Argonaut Insurance and Great Central Insurance parts of the new company.[9] It focused on underwriting large-account workers compensation policies.[10] 2000-presentIn January 2000 Mark E. Watson III, a board member since 1999, became President and CEO.[11] The company moved its corporate office to San Antonio, Texas, in 2001. The firm acquired Front Royal, Inc.[12] (along with its subsidiaries Colony and Rockwood), an insurance holding company headquartered in Morrisville, N.C. for $165 million in cash.[13] The acquisition added products and underwriting capabilities in areas complementary to Argonaut’s previous products.[14] Then they entered the public entity market by founding Trident Insurance.[15][16] In 2002, they acquired Fulcrum,[17] an excess and surplus lines underwriter[18] from Scor.[19] In 2003 they acquired Grocers from Royal & Sun Alliance USA,[20] expanding their Great Central platform. In 2005 they acquired the renewal rights to business formerly written by Interstate Insurance Group, subsidiaries of Fireman’s Fund.[21] In May 2005 they created Argonaut Specialty to underwrite accounts larger than what Colony traditionally wrote. In 2007 they merged with Bermuda-based PXRE, entering the reinsurance market.[22] The new company renamed as Argo Group International Holdings, Ltd., and moved its public company home office to Bermuda, which offered a more favorable tax structure than the United States.[23][24] In 2008, Trident Insurance Services acquired Massamont Insurance Agency, which specialized in insurance programs for public entities,[25] expanding Argo's public entity footprint into New England with offices in Greenfield and Boston, Mass. In April 2008, Argonaut Group re-branded as Argo Group. U.S. operations were packaged as Argo Group US. Peleus Re was renamed Argo Re. In Europe, it became known as Argo Solutions. In May, Argo Group acquired Heritage and its Lloyd’s syndicate for $272 million[26] in order to create a broader underwriting platform with extended geographic capability.[27] In September 2008 they acquired Insight Insurance, a specialist in professional liability insurance for accounting professionals, architects, engineers and insurance agents.[28] In October they established Argo Pro, a consolidation of their professional liability operations.[29] In 2010, the company paid out $25 million in claims to everyone present at the Deepwater Horizon oil spill in the Gulf of Mexico. Argo also ensures concerts of the Irish rock band U2. In 2017, the company paid a claim to Disney, who had bought insurance against the possibility that actress Carrie Fisher would die before filming Star Wars Episode IX.[30] In 2018, Argo moved the listing of its shares from the NASDAQ to the New York Stock Exchange, and its ticker symbol changed from AGII to ARGO. On May 7, 2018, CEO Mark Watson III rang the opening bell of the NYSE.[31] BusinessArgo Group provides primary and excess insurance, reinsurance, and tailored risk products for the managing general agency market.[32] It has four business segments: Excess and Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200.[33] Argo Group Gold CupArgo Group is title sponsor for the King Edward VII Gold Cup, an Alpari Group World Match Racing Tour event held in Hamilton Harbour, Bermuda every October.[34] The Argo Gold Cup is hosted by the Royal Bermuda Yacht Club[35] racing to earn points towards the ISAF Match Racing World Championship.[36] References1. ^{{cite web|url=https://www.businesswire.com/news/home/20180423006477/en/Argo-Group-Transfer-Listing-NYSE-NASDAQ|title=Argo Group to Transfer Listing to NYSE from NASDAQ|last=|first=|date=|website=|archive-url=|archive-date=|dead-url=|access-date=}} 2. ^{{Cite web|url=https://www.nyse.com/events/3414708300/Argo-Group-International-Holdings-Ltd-NYSE-ARGO-Rings-the-NYSE-Opening-Bell|title=Events|website=www.nyse.com|language=en|access-date=2018-05-15}} 3. ^{{cite web|title=AGII Company Profile|url=https://www.reuters.com/finance/stocks/companyProfile?symbol=AGII.O}} 4. ^{{cite web|url=https://www.expressnews.com/business/local/article/Argo-Group-made-more-than-1B-insuring-weird-11158897.php|title=Who insured Princess Leia? Argo Group made more than $1B covering ‘weird stuff’|author=Patrick Danner|work=San Antonio Express News|access-date=May 18, 2018|date=May 19, 2017}} 5. ^{{cite web|url=https://therivardreport.com/global-insurer-argo-group-switches-exchange-listing-to-nyse/|title=Global Insurer Argo Group Switches Exchange Listing to NYSE|publisher=Rivard Report|date=May 8, 2018|access-date=May 18, 2018}} 6. ^{{cite web|title=Insurance Works: Argonaut Insurance|url=http://www.insuranceworks.com/80-company-argonaut-insurance.html}} 7. ^{{cite web|title=Argo Group Historical Timeline|url=https://www.argolimited.com/media/03C10U7X865H/docs/en_US/fdff0791a95c7d8baf4d91eeb631f4c445961b44/83V2576502R1/Argo_Group_Timeline.pdf}} 8. ^{{cite web|title=Argo Group Historical Timeline|url=https://www.argolimited.com/media/03C10U7X865H/docs/en_US/fdff0791a95c7d8baf4d91eeb631f4c445961b44/83V2576502R1/Argo_Group_Timeline.pdf}} 9. ^{{cite web|title=Argo Group Historical Timeline|url=https://www.argolimited.com/media/03C10U7X865H/docs/en_US/fdff0791a95c7d8baf4d91eeb631f4c445961b44/83V2576502R1/Argo_Group_Timeline.pdf}} 10. ^{{cite web|title=Argo Group Historical Timeline|url=https://www.argolimited.com/media/03C10U7X865H/docs/en_US/fdff0791a95c7d8baf4d91eeb631f4c445961b44/83V2576502R1/Argo_Group_Timeline.pdf}} 11. ^{{cite web|title=Securing the Future |url=http://www.leadersmag.com/issues/2013.2_Apr/Making%20a%20Difference/LEADERS-Mark-Watson-Argo-Group-International-Holdings.html |deadurl=yes |archiveurl=https://web.archive.org/web/20140311065328/http://www.leadersmag.com/issues/2013.2_Apr/Making%20a%20Difference/LEADERS-Mark-Watson-Argo-Group-International-Holdings.html |archivedate=2014-03-11 }} 12. ^{{cite web|title=Yahoo! Finance profile: AGII|url=http://pages.cs.wisc.edu/~anhai/wisc-si-archive/data/company_profiles/yahoo/instances/company-index/Financial/Insurance_Prop._Casualty_/instances/http:%5E%5Ebiz.yahoo.com%5Ep%5Ea%5Eagii.html}} 13. ^{{cite web|title=Argonaut Group Inc. Acquires Holding Company|url=http://www.insurancejournal.com/news/national/2001/08/27/14237.htm}} 14. ^{{cite web|title=Argonaut Group Inc. Acquires Holding Company|url=http://www.insurancejournal.com/news/national/2001/08/27/14237.htm}} 15. ^{{cite web|title=Bloomberg: Company Overview of Trident Insurance Services, LLC|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=7775038}} 16. ^{{cite web|title=Argonaut Group Inc. Acquires Holding Company|url=http://www.insurancejournal.com/news/national/2001/08/27/14237.htm}} 17. ^{{cite web|title=Argonaut Buys Fulcrum Renewals|url=http://www.propertycasualty360.com/2002/01/29/argonaut-buys-fulcrum-renewals}} 18. ^{{cite news|title=Argonaut Group buys French firm’s US underwriting business|url=http://www.bizjournals.com/sanantonio/stories/2002/04/15/daily2.html}} 19. ^{{cite web|title=Argonaut Obtains Renewal Rights to Fulcrum E&S Lines from SCOR|url=http://www.insurancejournal.com/news/west/2002/04/17/17498.htm|publisher=Insurance Journal}} 20. ^{{cite web|title=Arrowpoint Capital to Acquire US Businesses of Royal & Sun Alliance Insurance Group plc through Management Led Buyout.|url=http://www.businesswire.com/news/home/20060928005354/en/Arrowpoint-Capital-Acquire-Businesses-Royal-Sun-Alliance#.Ux4dauddWVs}} 21. ^{{cite web|title=Argonaut Group Acquires Renewal Rights of the Binding Authority business segment of Fireman's Fund Binding Authority Business|url=http://www.businesswire.com/news/home/20050401005133/en/Argonaut-Group-Acquires-Renewal-Rights-Firemans-Fund#.Ux4dvuddWVs|publisher=Business Wire}} 22. ^{{cite web|title=Argonaut Group, PXRE Group plan to merge|url=https://www.reuters.com/article/2007/03/14/idUSWEN540920070314|publisher=Reuters}} 23. ^{{cite web|title=Insurer Argonaut, Reinsurer PXRE to Merge, Forming Argo Group|url=http://www.insurancejournal.com/news/national/2007/03/15/77765.htm|publisher=Insurance Journal}} 24. ^{{cite web|url=https://www.expressnews.com/business/local/article/Argo-Group-made-more-than-1B-insuring-weird-11158897.php|title=Who insured Princess Leia? Argo Group made more than $1B covering ‘weird stuff’|author=Patrick Danner|work=San Antonio Express News|access-date=May 18, 2018|date=May 19, 2017}} 25. ^{{cite web|title=Argo Group’s Trident Buys New England’s Massamont Agency|url=http://www.insurancejournal.com/news/national/2008/03/04/87883.htm|publisher=Insurance Journal}} 26. ^{{cite web|title=Argo Buying Lloyd's Heritage For $272 Million|url=http://www.propertycasualty360.com/2008/04/02/argo-buying-lloyd-s-heritage-for--272-million|publisher=Property Casualty 360}} 27. ^{{cite web|title=Argo Buying Lloyd's Heritage For $272 Million|url=http://www.propertycasualty360.com/2008/04/02/argo-buying-lloyd-s-heritage-for--272-million|publisher=Property Casualty 360}} 28. ^{{cite web|title=Bermuda’s Argo Buys Illinois Based Professional Liability Manager Insight|url=http://www.insurancejournal.com/news/national/2008/09/30/94170.htm|publisher=Insurance Journal}} 29. ^{{cite web|title=Argo Group Historical Timeline|url=https://www.argolimited.com/media/03C10U7X865H/docs/en_US/fdff0791a95c7d8baf4d91eeb631f4c445961b44/83V2576502R1/Argo_Group_Timeline.pdf}} 30. ^{{cite web|url=https://www.expressnews.com/business/local/article/Argo-Group-made-more-than-1B-insuring-weird-11158897.php|title=Who insured Princess Leia? Argo Group made more than $1B covering ‘weird stuff’|author=Patrick Danner|work=San Antonio Express News|access-date=May 18, 2018|date=May 19, 2017}} 31. ^{{cite web|url=https://therivardreport.com/global-insurer-argo-group-switches-exchange-listing-to-nyse/|title=Global Insurer Argo Group Switches Exchange Listing to NYSE|publisher=Rivard Report|date=May 8, 2018|access-date=May 18, 2018}} 32. ^{{cite web|title=Market Watch: Argo Group|url=http://www.marketwatch.com/investing/stock/agii/profile}} 33. ^{{cite web|title=Market Watch: Argo Group|url=http://www.marketwatch.com/investing/stock/agii/profile}} 34. ^{{cite web|title=Argo Group to Sponsor 2008 Bermuda Gold Cup |url=http://www.wmrt.com/mobile-news/features/11699-argo-group-to-sponsor-2008-bermuda-gold-cup.html |archive-url=https://web.archive.org/web/20140311065450/http://www.wmrt.com/mobile-news/features/11699-argo-group-to-sponsor-2008-bermuda-gold-cup.html |dead-url=yes |archive-date=2014-03-11 |publisher=World Match Racing Tour }} 35. ^{{cite web|title=Argo Group to Sponsor 2008 Bermuda Gold Cup |url=http://www.wmrt.com/mobile-news/features/11699-argo-group-to-sponsor-2008-bermuda-gold-cup.html |archive-url=https://web.archive.org/web/20140311065450/http://www.wmrt.com/mobile-news/features/11699-argo-group-to-sponsor-2008-bermuda-gold-cup.html |dead-url=yes |archive-date=2014-03-11 |publisher=World Match Racing Tour }} 36. ^{{cite web|title=Argo Renews|url=http://www.thedailysail.com/inshore/12/61431/0/argo-group-extends-bermuda-gold-cup-sponsorship|publisher=The Daily Sail}} External links
5 : Companies listed on NASDAQ|Companies of Bermuda|Companies established in 1986|Financial services companies of the United States|Insurance companies |
随便看 |
|
开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。