March 15: Business Briefs

Argo gets new CAO

Argo Group International Holdings announced that Anastasios “Andy” Omiridis has joined the company as chief accounting officer reporting to Argo Group Chief Financial Officer Jay Bullock.

“Andy comes to Argo Group with extensive experience in international finance and accounting. His broad knowledge of U.S. accounting standards coupled with his work in both finance and operations outside the U.S. are a great fit with our organization”

Montpelier dividend

Montpelier Re Holdings Ltd. has declared a quarterly dividend of $0.115 per Common Share. The company’s board of directors has also declared a quarterly dividend of $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or before April 15, 2013, to all shareholders of record as of March 28, 2013.

Tower ratings

Fitch Ratings has affirmed the ‘BBB’ Issuer Default Rating (IDR) of Tower Group, Inc. and assigned a ‘BBB’ IDR to the new ultimate holding company Tower Group International, Ltd.

Fitch has also affirmed the Insurer Financial Strength (IFS) ratings at ‘A-’ for Tower’s operating subsidiaries. The Rating Outlook is Stable.

Platinum results

Platinum Underwriters Holdings, Ltd. will report financial results for the quarter ended March 31, 2013 after the close of trading on the New York Stock Exchange on Wednesday, April 17, 2013.

The Company will host a teleconference to discuss the financial results on Thursday, April 18, 2013 at 8am Eastern time on 888-264-8892 (US callers) or 913-312-0724 (international callers).