Last $46.25 USD
Change Today +0.33 / 0.72%
Volume 91.8K
AGII On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

argo group international (AGII) Key Developments

Argo Group International Holdings, Ltd. Appoints Kurt Elia as Senior Vice President and Chief Human Resources Officer

Argo Group International Holdings, Ltd. announced that Kurt Elia has joined the company as Senior Vice President and Chief Human Resources Officer. Mr. Elia will report to Argo Group President and Chief Executive Officer Mark E. Watson III. Previously, Mr. Elia led the global human resources function at Endurance Specialty after serving in senior human resources positions at Citigroup, Capital One and IBM. Mr. Elia earned a degree in industrial and labor relations from Cornell University. He is also certified by Columbia University as an executive coach.

Argo Group Enters into $175,000,000 Credit Agreement with JPMorgan Chase Bank

On March 7, 2014 each of Argo Group International Holdings, Ltd., Argo Group US, Inc., Argo International Holdings Limited and Argo Underwriting Agency Limited entered into a $175,000,000 Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders and parties signatory thereto. The New Credit Agreement replaced the prior Credit Agreement, dated as of April 30, 2010 and as amended on May 6, 2011 and July 11, 2011, between Argo Group International Holdings, Ltd., Argo Group US, Inc., Argo International Holdings Limited and Argo Underwriting Agency Limited, JPMorgan Chase Bank, N.A. and the other parties thereto, which agreement was terminated in connection with the execution of the New Credit Agreement. The New Credit Agreement provides for a $175 million revolving credit facility, and the commitments there under shall expire on March 7, 2018 unless extended in accordance with the terms of the New Credit Agreement. Borrowings by the Borrowers under the New Credit Agreement may be used for general corporate purposes, including working capital and permitted acquisitions, and each of the Borrowers has agreed to be jointly and severally liable for the obligations of the other Borrowers under the New Credit Agreement. Revolving loans designated by the Borrowers at the time of borrowing as ABR Borrowings that are outstanding under the New Credit Agreement bear interest at a rate per annum equal to the greater of (a) the Prime Rate (as defined in the New Credit Agreement) in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus of 1% and (c) the Adjusted Eurocurrency Rate for a one month interest period on such day plus 1%, plus the Applicable Rate (as defined in the New Credit Agreement). Revolving loans designated by the Borrowers at the time of borrowing as Eurocurrency Borrowings that are outstanding under the New Credit Agreement bear interest at a rate per annum equal to the Adjusted Eurocurrency Rate (as defined in the New Credit Agreement) for the interest period in effect for such Borrowing plus the Applicable Rate (as defined in the New Credit Agreement). The New Credit Agreement contains customary events of default. If an event of default occurs and is continuing, the Borrowers might be required immediately to repay all amounts outstanding under the New Credit Agreement. Lenders holding at least a majority of the loans and commitments under the New Credit Agreement may elect to accelerate the maturity of the loans and/or terminate the commitments under the New Credit Agreement upon the occurrence and during the continuation of an event of default. On the Effective Date, no borrowings were outstanding under the New Credit Agreement. A $180,000 letter of credit was outstanding on the Effective Date under the New Credit Agreement.

Argo Group Presents at AIFA Annual Conference, Mar-04-2014 08:00 AM

Argo Group Presents at AIFA Annual Conference, Mar-04-2014 08:00 AM. Venue: Boca Raton Resort & Club, Boca Raton, Florida, United States. Speakers: Mark E. Watson I I, President and CEO.

Argo Group International Holdings, Ltd. Declares Quarterly Cash Dividend, Payable on March 17, 2014

Argo Group International Holdings, Ltd. announced its board of directors has declared a quarterly cash dividend of $0.15 per share on the company's common stock. The dividend will be paid on March 17, 2014, to shareholders of record on March 3, 2014.

Argo Group International Holdings, Ltd. Presents at NYSSA 18th Annual Insurance Conference, Mar-17-2014 09:50 AM

Argo Group International Holdings, Ltd. Presents at NYSSA 18th Annual Insurance Conference, Mar-17-2014 09:50 AM. Venue: NYSSA Conference Center, 1540 Broadway, Suite 1010 (entrance on 45th Street), New York, NY 10036, United States. Speakers: Mark E. Watson, Chief Executive Officer, President, Director, Member of Investment Committee and Member of Executive Committee.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AGII:US $46.25 USD +0.33

AGII Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for AGII.
View Industry Companies
 

Industry Analysis

AGII

Industry Average

Valuation AGII Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ARGO GROUP INTERNATIONAL, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.