A.M. Best revises Argus outlook to stable

A.M. Best revised the outlook of the Argus Group to stable, the company announced on Thursday.

Alison Hill, Chief Executive Officer of the Argus Group, said:

“We are pleased that A.M. Best has recognised the success of our two main operating units and holding company by revising the outlook to stable.  We are delighted that A.M. Best has taken into account our return to profitability, the strengthening of the company’s capital and the improvement of our asset quality. Furthermore, we are happy that A.M. Best has recognised our underwriting strength and net income results that turned positive in 2012 and continue to remain favourable.”