Business Services Industry
Argonaut to gain Bermuda foothold through planned merger with PXRE; Deal expected to boost U.S. insurer's reinsurance business.(News)(Argonaut Group Inc. acquisitions)
Business Insurance, March, 2007 by Greenwald, Judy
Byline: JUDY GREENWALD HAMILTON, Bermuda-Argonaut Group Inc. last week announced plans to merge with embattled reinsurer PXRE Group Inc., giving the U.S. specialty insurer an operation in Bermuda. Following completion of the deal, the combined entity will do business as Argo Group International Holdings Ltd.
Argo will become the Bermuda holding company for Argonaut Group's U.S. operations; a new Bermuda reinsurer, Peleus Reinsurance Ltd.; and PXRE's existing insurance subsidiaries. Argonaut Group President and Chief Executive Officer Mark E. Watson III will serve as president and CEO of the new company, which will be based in Hamilton, Bermuda. Barbara C. Bufkin will leave her post as Argonaut's senior vp-corporate business development to become Peleus...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Psyadon Pharmaceuticals, Inc. Announces Regulatory Milestones and the Initiation of a Clinical Trial of Ecopipam in Lesch-Nyhan Disease
- Emergence of “Femtomedicine” - New Frontier of Biomed Sciences - Reported at First Global Congress on Nano Medicine
- Research and Markets: Ethiopia Power Market Outlook to 2020
- Research and Markets: Orphan Drugs in Asia-Pacific: from Designation to Pricing, Funding & Market Access
- Research and Markets: Now You See It - TV Program Sponsorship & Product Placement in China
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FHM Features Anna Benson, Baseball's Hottest Wife
- Building a DNA database: the federal government has just enacted two bills related to DNA. The first would drive the collection of DNA from all infants. The second would attempt to prevent the DNA that is collected from being misused
- America's most wanted j-o-b-s - 10 hottest employment opportunities
- Developmental sequence in small groups
