Argus News

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Argus Acquires FirstUnited Insurance Brokers in Malta

Argus Acquires FirstUnited Insurance Brokers in Malta

Hamilton, Bermuda (May 27, 2019) – The Argus Group has just announced its intention to acquire FirstUnited Insurance Brokers Limited (“FirstUnited”), an insurance brokerage firm that provides professional insurance broking services to individuals and businesses in Malta. The transaction is subject to receipt of all regulatory approvals.

For many years The Argus Group has successfully operated ind…


The Argus Group Reports Earnings of $10.0 Million

The Argus Group Reports Earnings of $10.0 Million

(Hamilton, Bermuda, December 10, 2018) – Argus Group Holdings Limited (the “Group” or the “Argus Group”) today announced net earnings of $10.0 million for the six months ended September 30, 2018, compared with a net loss of $2.3 million in the corresponding period in 2017.

  • Strong underlying earnings from operations
  • Investment earnings of $7.9 million
  • Dividend declared of nine cents per share…

The Argus Group Restructures Balance Sheet to Position for Future Growth

The Argus Group Restructures Balance Sheet to Position for Future Growth

Hamilton, Bermuda (July 20, 2018) – Against a backdrop of market uncertainty caused by global change and a low growth Bermuda economy, the Argus Group is today reporting an $18.6 million net loss attributable to shareholders. This was caused by a large number of major medical claims and actions taken to complete the restructure of the Group’s balance sheet.

Alison Hill, Chief Executive Officer of…


The Argus Group Reports Half Year Results

The Argus Group Reports Half Year Results

Hamilton, Bermuda (December 11, 2017) – Argus Group Holdings Limited (the “Group” or ”Argus” or “Argus Group”) today announces their Financial Strength Rating upgrade to A- (Excellent) with a stable outlook and a loss of $2.3 million for the six months ended September 30, 2017, compared with net earnings of $8.2 million for the corresponding period in 2016.

  • AM Best Financial Strength Rating upg…

The Argus Group Reports Earnings of $12.0 Million

The Argus Group Reports Earnings of $12.0 Million

(Hamilton, Bermuda, July 17, 2017) – Argus Group Holdings Limited (the “Group” or the “Argus Group”) today announced net earnings to shareholders of $12.0 million for the year ended March 31, 2017, compared with $7.3 million in the prior year.

  • Shareholders’ Equity increased to $130.2 million
  • Interim dividend 9 cents per share

Alison Hill, Chief Executive Officer of the Argus Group, says: “W…