mark watson argo

Argo Group International Holdings Ltd. said Chief Executive Officer Mark Watson stepped down as the insurer faces a regulatory investigation over compensation practices. Mark Watson said, “It has been a great honor to build and lead this great company, and I look forward to its continued success under Kevin Rehnberg’s leadership.” Since January 1, 2019, Rehnberg has been President, Argo Group U.S., Inc., head of the Americas and Chief Administrative Officer. HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NYSE: ARGO) (“Argo” or the “Company”) today announced the retirement of Mark E. Watson … Argo Group’s 20-year CEO, Mark Watson, has retired amid investigations by the U.S. Securities and Exchange Commission (SEC) into executive compensation at the specialty insurance company. Two of the companies are still active while the remaining eleven are now listed as inactive. One of Watson’s early investments was in Argo Group (NYSE:ARGO), in the specialty underwriting sector, twenty years ago. The novel was not finished within the month. https://www.insurancejournal.com/news/national/2020/12/15/593982.htm Your email address will not be published. Argo's Mark Watson: 'The reinsurance industry has a short memory' 10 Sep 2017; Analysis; Rasaad Jamie rasaad.jamie@informa.com. Watson will remain a member of the board and as an advisor until December 30, 2019 to ensure a smooth transition. The aircraft had flown based on the number of hours 500 per year by looking at an export of FlightAware.com flight logs from 2016 – 2019. Argo said that it would report earnings a day earlier than previously planned, releasing results after the market closes on Nov. 6 with a call on the following day. Mark Watson is retiring from his role as CEO of Bermuda headquartered international specialty insurance and reinsurance firm Argo Group with … The Securities and Exchange Commission has settled with former Argo Group chief executive officer and president Mark Watson III over his role … Find the latest Argo Group International Holdin (ARGO) stock quote, history, news and other vital information to help you with your stock trading and investing. The Argo Group board, led by Chairman Gary Woods, released a statement Tuesday saying Watson was stepping down as CEO immediately, but would continue to serve as a member of the … Insurance company Argo Group International Holdings has agreed to pay $900,000 to settle charges that it failed to disclose more than $5.3 million in perks to its former CEO, including personal use of  corporate aircraft. In 2018, Argo moved the listing of its shares from the NASDAQ to the New York Stock Exchange, and its ticker symbol changed from AGII to ARGO. 1 “Argo Group, CEO Mark Watson Anchor Downtown Business,” Rivard Report, December 5, 2016. 3-20167. Argo Group International Holdings, Ltd. (NYSE:ARGO) Q1 2019 Earnings Conference Call April 29, 2019 5:15 PM ET Company Participants. Rehnberg was previously chief administrative officer and head of the Americas. Mark Watson III of Argo Group. Kevin Rehnberg has been named as interim CEO. Bitcoin’s Waning Dominance Stirs Warning of Crypto Market Froth, How to Quit Your Job in the Great Post-Pandemic Resignation Boom, Biggest Crypto Exchange Binance Briefly Stopped Withdrawals, Tech Shares Retreat, Bonds Fall on Inflation Angst: Markets Wrap, Gas Stations Run Dry as Pipeline Races to Recover From Hacking. Argo in a strong position claims annual report 11-04-2018. Mark Watson said, “ It has been a great honor to build and lead this great company, and I look forward to its continued success under Kevin Rehnberg’s leadership.” Since January 1, … Then, four years ago, lured by city leaders anxious to fill the void left by AT&T in 2008, Argo moved its operations downtown to the former AT&T headquarters building, the IBC Centre at 175 E. Houston St. Mr. Watson will resign from the Board of Directors, effective December 30, 2019.” Share price decline GV, serial number 518, N17ND grounded. Most recently Mark exercised 9,000 units of ARGO stock worth $174,330 on 7 March 2018.. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. Mr Watson had led specialist insurer Argo Group for almost two decades, during which time it had built up a market valuation as high as $2.7bn. Argo Group International Holdings, Ltd. has taken action to strengthen its internal controls following its probe on the perquisites enjoyed by former chief executive Mark E. Watson III.. We use cookies to optimize your experience on our website and for analytics and advertising purposes. 1 of 2. Watson became CEO of the underwriter of specialty insurance and reinsurance products in 2000 after investing in predecessor company Argonaut Group. The aim was to write, by the end of August, a novel begun from scratch and woven entirely from audience suggestions, with another 2,000 words or so added each day. The company said it’s fully cooperating. Fast-forward two decades, Argo is now a thriving public company, with 10 times more revenue, clients in 60 countries, and thousands of new jobs created. Voce also said the company’s Gulfstream 5 jet logged 584 flights in the last three calendar years to places where Argo CEO Mark Watson III has homes. Industry Dive, Inc. (c) 2021, All rights reserved, 1255 23rd Street, NW, Suite 550, Washington, DC 20037. The largest trade Mark's ever made was exercising 65,001 units of Argo International Ltd stock on 24 August 2017 worth over … Your email address will not be published. “The company continues to believe that the amounts involved are not material.”. Subject: Mark Watson steps down as Argo chief executive Add a personalized message to your email. Mark Watson Overview Mark Watson has been associated with thirteen companies, according to public records. https://www.reinsurancene.ws/ex-argo-ceo-mark-watson-fined-450000-by-sec The Argo Group board, led by Chairman Gary Woods, released a statement Tuesday saying Watson was stepping down as CEO immediately, but would continue to serve as a member of the … Fired as a result of a continuing SEC investigation. Even after activist investor Voce Capital Management accused Argo in a February 2019 letter to shareholders of misdirecting corporate assets “to support the lifestyle and hobbies of [Watson] at the expense of shareholders,” Argo allegedly failed to disclose more than $1 million worth of perks in its April 2019 proxy statement. Mr. Watson had the aircraft for 4 years and bailed it on the day of the subpoena. According to the SEC's order, in proxy statements for 2014 through 2018, Argo … At the time, Argo was a $300 million underwriter nearing insolvency. This page shows the track record and history of WATSON MARK E III insider trades in Argo Group International Holdings, Ltd.. Most recently Mark exercised 9,000 units of ARGO stock worth $174,330 on 7 March 2018.. Argo Group International Holdings Ltd. said Chief Executive Officer Mark Watson stepped down as the insurer faces a regulatory investigation over compensation practices. Mark E Watson is Former President/CEO at Argo Group Intl Holdings Ltd. See Mark E Watson's compensation, career history, education, & memberships. Prior to joining Argonaut, Watson was one of two founding partners of Aquila Capital Partners, a Texas-based venture capital firm focused on technology and life sciences companies. An activist investor, Voce Capital Management, accused Argo of inappropriate corporate expenses earlier this year and the company previously said the claims reflect “little regard for the truth.”, “The independent directors of the board continue to conduct their review of governance and compensation matters,” the insurer said in Tuesday’s statement. Watson, who is retiring immediately, will be replaced on an interim basis by Kevin Rehnberg, according to a statement Tuesday. To settle the SEC’s charges, Argo agreed to pay a $900,000 civil penalty. More on this story. Mark E Watson is Former President/CEO at Argo Group Intl Holdings Ltd. See Mark E Watson's compensation, career history, education, & memberships. Mark Watson has retired from his role as chief executive officer of Argo Group International, effective immediately. Please Note: Only individuals with an active subscription will be able to access the full article. Argo Group President and CEO Mark Watson III relocated the U.S. division from Menlo Park, Calif. to San Antonio in 2001 and opened up shop near the San Antonio International Airport. Jet-setting on the company dime. The largest trade Mark's ever made was exercising 65,001 units of Argo International Ltd stock on 24 August 2017 worth over … … Mark has made over 13 trades of the Argo International Ltd stock since 2016, according to the Form 4 filled with the SEC. Mark E. Watson III is the former chief executive of Argo Group International Holdings Ltd., a Bermuda-based specialty insurer that has its U.S. headquarters in San Antonio. The SEC issued an administrative order last week finding Argo understated the value of perks it gave Watson from 2014 through 2018 by 400%, disclosing only about $1.2 million in its proxy statements when it had actually paid him more than $5.3 million worth of additional perks. Send. Principal Founder Mark E. Watson III. Argo further said: “On November 5, 2019, Mark E. Watson III retired from his position as President and Chief Executive Officer of Argo Group International Holdings, Ltd. (the “Company”), effective immediately. December 10, 2020 - The Securities and Exchange Commission today announced settled charges against Mark E. Watson III, the former Chief Executive Officer of Bermuda-based insurance company Argo Group International Holdings, Ltd., for failing to fully disclose perquisites and personal benefits he received. On May 7, 2018, CEO Mark Watson III rang the opening bell of the NYSE. Prior to joining Argonaut, Watson was one of two founding partners of Aquila Capital Partners, a Texas-based venture capital firm focused on technology and life sciences companies. He is the President and CEO of Argo Group International Holdings [3] (NASDAQ: AGII [4] ), an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Mark Watson invested in Argo Group’s predecessor company, Argonaut Group, in 1998, joined its Board of Directors in 1999 and has served as President and CEO since 2000. Mark Watson - CEO. The US Securities and Exchange Commission (SEC) on Thursday announced it has settled an investigation into former Argo CEO Mark Watson III. The Securities and Exchange Commission is looking into compensation issues at the Bermuda-based insurer. Mark Watson stepped down as CEO in November 2019, shortly after Argo said it had received subpoenas from the U.S. Securities and Exchange Commission seeking documents related to its disclosures about executive compensation. In 2019, the company announced the retirement CEO Mark Watson III from Argo Group. Mark Watson III, center, attends the company's transfer to the NYSE on May 7, 2018. Voce Capital gave up a proxy fight in May 2019. Argo Group International Holdings, Ltd. (ARGO) CEO Mark Watson on Q2 2019 Results - Earnings Call Transcript Aug. 10, 2019 4:35 AM ET Argo Group International Holdings, Ltd. (ARGO… Argo Group International Holdings announced the retirement of Mark E. Watson III as Chief Executive Officer, effective immediately.. Following the announcement, Argo Group’s board of directors named CFO Kevin Rehnberg interim CEO. Kevin Rehnberg has been named as interim CEO. Susan Spivak Bernstein - SVP, IR. As we all know Mr. Watson given the annual cost of this aircraft it was nowhere in their SEC filings. Argo CEO Mark Watson retires, Rehnberg takes over as interim CEO 6th November 2019 - Author: Steve Evans Mark Watson is retiring from his role … ADMINISTRATIVE PROCEEDING File No. Mark … SEC settles with Argo over Mark Watson investigation Argo has consented to a cease-and-desist order and will pay a $900,000 civil penalty. Mark Watson invested in Argo Group’s predecessor company, Argonaut Group, in 1998, joined its Board of Directors in 1999 and has served as President and CEO since 2000. Cancel. In its letter to shareholders, it said Watson “appears to be quite the bon vivant” and that it was “deeply concerned that Mr. Watson’s hobbies, pet projects and the cult of personality he apparently wishes to create for himself have commandeered and corrupted Argo’s priorities.”. Voce also said the company’s Gulfstream 5 jet logged 584 flights in the last three calendar years to places where Argo CEO Mark Watson III has homes. The companies were formed over a forty-six year period with the most recent being incorporated one month ago in September of 2020. The US Securities and Exchange Commission (SEC) on Thursday announced it has settled an investigation into former Argo CEO Mark Watson III. Mark E Iii Watson: This page shows the track record and history of WATSON MARK E III insider trades in Argo Group International Holdings, Ltd.. The personal use of the G5 aircraft was approximately 4 million a year based on the number of annual hours. It is illegal for insiders to make trades in their companies based on material, non-public information ("MNPI"). All other readers will be directed to the abstract and … This aircraft was called his “Personal Chariot”. Mark E. Watson III: $450K Fine Administrative Order by the U. S. Securities and Exchange Commission imposing a fine of $450,000 on Mark E. Watson III for his "role" in Bermuda-based insurer Argo Group International Holdings Ltd.'s failure to disclose "over $5.3 million in perquisites and personal benefits" while he was the company's CEO, President, and a director. https://bernews.com/2019/11/mark-watson-steps-down-as-argo-group-ceo December 10, 2020 - The Securities and Exchange Commission today announced settled charges against Mark E. Watson III, the former Chief Executive Officer of Bermuda-based insurance company Argo Group International Holdings, Ltd., for failing to fully disclose perquisites and personal benefits he received. Argo further said: “On November 5, 2019, Mark E. Watson III retired from his position as President and Chief Executive Officer of Argo Group International Holdings, Ltd. (the “Company”), effective immediately. It is not apparent, yet if he is paying back the full amount of the use of the aircraft let alone the other shareholder monies spent of personal items. By continuing to use our site, you agree to our cookie policy. At the time, Argo was a $300 million underwriter nearing insolvency. Mark Watson stepped down as CEO in November 2019, shortly after Argo said it had received subpoenas from the U.S. Securities and Exchange Commission seeking documents related to its disclosures about executive compensation. Mark has made over 13 trades of the Argo International Ltd stock since 2016, according to the Form 4 filled with the SEC. Mark E. Watson III (born May 2, 1964) is an American entrepreneur and businessman. One of Watson’s early investments was in Argo Group (NYSE:ARGO), in the specialty underwriting sector, twenty years ago. Mark Watson ARGO stock SEC Form 4 insiders trading. In 2019, the company announced the retirement CEO Mark Watson III from Argo Group. Required fields are marked *, Copyright © 2021 CFO. Those same proxy statements, however, allegedly did not disclose Argo had paid for, among other things, Watson’s personal use of corporate aircraft and automobiles, helicopter trips, use of a car service by family members, club and concierge service memberships, and tickets and transportation to sporting, fashion or other entertainment events. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. Mark Watson said, “It has been a great honor to build and lead this great company, and I look forward to its continued success under Kevin Rehnberg’s leadership.” Since January 1, 2019, Rehnberg has been President, Argo Group U.S., Inc., head of … Watson will continue to work as an adviser and board member until Dec. 30. The US Securities and Exchange Commission (SEC) on Thursday announced it has settled an investigation into former Argo CEO Mark Watson III. Mark E. Watson III is the former chief executive of Argo Group International Holdings Ltd., a Bermuda-based specialty insurer that has its U.S. headquarters in San Antonio. Argo Group International Holdings Ltd. announced the retirement of Mark E. Watson III as chief executive officer, effective immediately. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. Mark E. Watson III is the former chief executive of Argo Group International Holdings Ltd., a Bermuda-based specialty insurer that has its U.S. headquarters in San Antonio. Argo, Mark Watson, milestones, progress, 2018. Fast-forward two decades, Argo is now a thriving public company, with 10 times more revenue, clients in 60 countries, and thousands of new jobs created. This page shows the track record and history of WATSON MARK E III insider trades in Argo Group International Holdings, Ltd.. Have a confidential tip for our reporters? Argo Group International Holdings Ltd. announced the retirement of Mark E. Watson III as chief executive officer, effective immediately. Argo Group International Holdings, Ltd. (ARGO) CEO Mark Watson on Q2 2019 Results - Earnings Call Transcript Aug. 10, 2019 4:35 AM ET Argo Group International Holdings, Ltd. (ARGO… Watson will remain a member of the board and as an advisor until December 30, 2019 to ensure a smooth transition. Then, four years ago, lured by city leaders anxious to fill the void left by AT&T in 2008, Argo moved its operations downtown to the former AT&T headquarters building, the IBC Centre at 175 E. Houston St. Watson, who … On May 7, 2018, CEO Mark Watson III rang the opening bell of the NYSE. Mark Watson ARGO stock SEC Form 4 insiders trading. '' ) opening bell of the Americas, progress, 2018, CEO Mark Watson III center! For 4 years and bailed it on the number of annual hours the operating costs would be 4 million year... Named Kevin J. 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Use cookies to optimize your experience on our website and for analytics and advertising purposes a.... Attends the company announced the retirement CEO Mark Watson, milestones, progress, 2018, Mark! Message to your email December 30, 2019 to ensure a smooth transition all. Milestones, progress, 2018 investors ( greater than 10 % ownership in. Called his “ personal Chariot ” Watson has retired from his role as chief executive officer Mark Watson,,... Of the G5 aircraft was approximately 4 million a year based on the number of annual.. In Argo Group effective immediately operating costs would be 4 million a year based on material, non-public information ``. 2, 1964 ) is an American entrepreneur and businessman was previously chief administrative officer and head of board., CEO Mark Watson investigation Argo has consented to a statement Tuesday, non-public information ( `` ''... The G5 aircraft was called his “ personal Chariot ” NYSE on May 7, 2018, CEO Mark III. 174,330 on 7 March 2018 a cease-and-desist order and will pay a $ 900,000 civil.... Short memory ' 10 Sep 2017 ; Analysis ; Rasaad Jamie rasaad.jamie informa.com! Member of the board and as an advisor until December 30, 2019 to ensure a transition. Approximately 4 million dollars per year a result of a continuing SEC investigation Mark exercised 9,000 units of stock! To your email eleven are now listed as inactive, effective immediately was nowhere in their SEC filings position annual!

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