Company Overview of Argus Group Holdings Limited
Argus Group Holdings Limited, together with its subsidiaries, provides a range of insurance, retirement, and financial services to businesses and individuals primarily in Bermuda, Gibraltar, and Malta. It operates in four segments: Group Insurance, Life and Pensions, Property and Casualty, and All Other. The Group Insurance segment offers insured employee benefits, including group health, life, long-term disability, and employer’s indemnity coverage products. The Life and Pensions segment provides individual life insurance, annuities, and group retirement income plans. The Property and Casualty segment offers fire and windstorm, such as home and commercial property; all risks; liability; mar...
The Argus Building
14 Wesley Street
Hamilton, HM 11
Founded in 2005
Key Executives for Argus Group Holdings Limited
Argus Group Holdings Limited does not have any Key Executives recorded.
Argus Group Holdings Limited Key Developments
Argus Group Holdings Limited Announces Earnings Results for the Six Months Ended September 30, 2015
Dec 15 15
Argus Group Holdings Limited announced earnings results for the six months ended September 30, 2015. For the period, the company reported net profit of $3.0 million, compared to a net profit of $10.6 million for the corresponding period in 2014. The increase in long-term interest rates during the six months have impacted the group’s fixed income portfolio, resulting in unrealized losses of $8.3 million reported for the period. Shareholders’ equity attributable to shareholders of the company has increased to $120.4 million, substantially in excess of the statutory capital required to conduct the group’s insurance and financial services businesses by the regulatory bodies to whom the Argus Group reports. As a result of a one-time new business transaction in the prior year, net premiums earned decreased by $7.1 million while net benefits and claims decreased by $8.0 million within the Life & Pensions division of the group where the reserves are increased in close proportion to the premiums received.
Argus Group Holdings Limited Declares Dividend, Payable on February 5, 2016
Dec 15 15
The board of Argus Group Holdings Limited has declared a dividend of 8 cents per share payable on February 5, 2016 for shareholders of record on January 22, 2016.
Argus Group Holdings Limited Announces Management Changes
Sep 16 15
Argus Group Holdings Limited announced retirement of Chief Financial Officer, Mr. David Pugh and appointment of Mr. Peter Dunkerley in his stead. The company announced that, in anticipation of his retirement in January 2016, Mr. David Pugh will step down as Chief Financial Officer immediately following the forthcoming Annual General Meeting. He will be succeeded by Mr. Peter Dunkerley who joined the company as Executive Vice President, Finance & Treasury in 2013. Mr. Pugh joined the company in 1983 as Group Financial Controller. Over the last thirty three years he has been involved with all aspects of the Argus operations including the expansion of businesses both in Bermuda and, more recently, into Europe. He has contributed to the development of the client centric culture that has been the cornerstone of the success of the company. In addition, he has worked hard to cultivate and maintain strong relationships with all stakeholders of the Group: clients, staff, shareholders and regulators in all territories. As Chief Financial Officer he will assume responsibility for all financial operations of the Argus Group. Mr. Dunkerley brings a wealth of professional practice and insurance industry experience. Prior to joining the company, Mr. Dunkerley was a Director in the Insurance practice of PricewaterhouseCoopers in Bermuda.
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