August 28: Business Briefs

Argo affirmed by Fitch

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of Argo Re Ltd. (Argo Re) (Hamilton, Bermuda) and its subsidiaries. The outlook is stable.

Deloitte merges

Deloitte announces the merger of its Bermuda, British Virgin Islands and US Virgin Islands offices effective today.

The combination brings enhanced services to clients and greater access to Deloitte professionals who provide insights and solutions to complex business challenges in an ever-increasing borderless global marketplace.

The merger coincides with the retirement of BVI/USVI Managing Partner Mark Chapman. 

“I am pleased to bring together our professionals to better serve our clients,” said John Johnston, Office Managing Partner of Deloitte Bermuda and CEO of Deloitte Caribbean and Bermuda Limited. “While we have always enjoyed a good working relationship under the Deloitte brand, this merger cements our shared values of working together to deliver excellence. It is an important step in our strategy of greater integration of the Deloitte firms across the Caribbean region.”