Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, declared a quarterly cash dividend of $0.27 per share on the company’s common stock. The cash dividend will be paid on Sept. 14, 2018 to shareholders of record on Aug. 31, 2018.
The company also announced the appointment of Thomas A. Bradley to its board of directors.
“It is an honor to welcome Tom to our board,” said Argo Group Chairman Gary Woods. “As we continue to build shareholder value, it is critical to have the right board in place.
“Tom’s strong leadership and admirable history as an executive and leader of companies listed on the NYSE makes him a great addition to the board. The knowledge he brings to our board of directors and leadership team will be pivotal in assessing and improving Argo Group’s financial structure and performance as we make the most of our position as a NYSE-listed company.”
Bradley retired from Allied World Assurance Company Holdings, AG in July 2017. While there, he served as chief financial officer and executive vice president since 2012. Before joining Allied, he served as executive vice president and chief financial officer for two other public companies: Fair Isaac Corporation and The St. Paul Companies.
Bradley also held senior financial and operational positions at Zurich Insurance Group, including chief financial officer for North America and chief executive officer of the Universal Underwriters Group [now Zurich Direct Markets]. He also served on the board of directors of Nuveen Investments, Inc.
He earned a bachelor’s degree in accounting from the University of Maryland and a Master in Business Administration from Loyola University Maryland. He also is a Certified Public Accountant [inactive].
“Risks are now emerging with increasing speed and variety, and companies in our industry must look into the future with even greater focus,” said Argo Group CEO Mark E. Watson III. “Tom is a financial expert whose strategic insights – gained over the course of a diverse and successful career – will be invaluable to Argo Group as we identify and adapt to these new risks and continue to evolve as a leading specialty underwriter.”
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