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October 13, 2015 4:39 AM ET


Company Overview of Argus Group Holdings Limited

Company Overview

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

204 Employees





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 Management Changes

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.

Argus Group Holdings Limited Declares Interim Dividend, Payable on July 24, 2015; Announces Earnings Results for Year Ended March 31, 2015

The board of Argus Group Holdings Limited has declared an interim dividend of eight cents per share payable on July 24, 2015 for shareholders of record on July 10, 2015. The company announced earnings results for year ended March 31, 2015. For the year, the company reported a net profit of $16.0 million compared to $13.3 million in the year prior. Net premiums written increased by $13.4 million or 11%, arising from a combination of new business and very high client retention levels. Investment income increased by $7.9 million when compared to the prior year aided by further declines in global interest rates, which resulted in unrealised gains in the fixed income portfolios being reported for the year.

Argus Expands Operations to Riga

Argus announced that it has opened a new office in the Latvian capital of Riga, as the latest part of its global expansion plans.

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