Argo Group International Holdings Ltd.: Argo Group Announces Sale of its Italian Business
Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance products, today announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A ( AGA ) to Perfuturo Capital AG ( Perfuturo ), a Swiss Holding Company. Perfuturo is fully owned by Philantra Holding AG a green, technology and renewable energy specialist. Closing of the transaction is subject to regulatory approval and is expected to occur in early 2021. We are confident that Perfuturo s expertise and knowledge of the European market will allow AGA to thrive, said Matt Harris, Argo Group head of international operations. This transaction aligns with our strategy to simplify the business and streamline operations.
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Ex-Argo CEO Watson paying $450,000 fine to settle with SEC
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Mark E. Watson III is the former chief executive of Argo Group International Holdings Ltd., a Bermuda-based specialty insurer that has its U.S. headquarters in San Antonio. Watson retired from Argo in November of last year after the Securities and Exchange Commission subpoenaed the company for documents relating to the insurer’s disclosures about executive perks. The SEC subsequently found Argo failed to disclose $5.3 million in perks awarded to Watson. He agreed to pay the SEC a $450,000 fine.File photo
Mark E. Watson III, the former CEO and president of a specialty insurer that has its U.S. headquarters in San Antonio, will pay a $450,000 fine related to more than $5.3 million in executive perks and personal benefits the company awarded him but were not disclosed.
Ex-Argo CEO Watson paying $450,000 fine to settle with SEC mrt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mrt.com Daily Mail and Mail on Sunday newspapers.