Despite releasing two separate second-quarter income statements last night, executives of Argonaut Group and PXRE participated together in an earnings conference call signaling the completion of their merger.

The merged entity–Argo Group International Holdings, Ltd., which is now headquartered in Bermuda–also reported that Andrew Carrier, a 23-year reinsurance market veteran, is joining the firm to become president of Peleus Re, the company's reinsurance arm.

During the call, Mark Watson, who was formerly president and chief executive officer of Argonaut Group, and now holds those positions with Argo Group, said: “The combination of the two companies provides for a stronger balance sheet with total assets of over $5 billion, investment portfolio of $3.6 billion and shareholders equity of $1.3 billion.”

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