Argus Group
Argus Group is a Bermuda-based insurance and financial services company, now operating as part of Allshores Limited following its 2024 merger with BF&M. It provides health, wealth, employee benefits, and personal and commercial insurance across 18 jurisdictions in Bermuda, the Caribbean, and Europe.
- Company typePublic
- Founded2024
- HeadquartersHamilton, Bermuda
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Argus Group does
Argus Group is a Bermuda-based insurance and financial services company that, following its 2024 combination with BF&M, now operates as part of Allshores Limited, a publicly traded entity headquartered in Hamilton, Bermuda. The company provides an integrated suite of health, wealth, and insurance products, including individual and group health insurance, group pension plans, group life and disability coverage, individual wealth and investment products, personal lines (home, auto, property), and commercial insurance for businesses and employers. It also offers wellness programs and care-navigation resources that extend beyond pure risk transfer.
Allshores serves 18 jurisdictions across Bermuda, the Caribbean, and Europe through a hybrid distribution model that combines a self-serve digital platform (allshores.com) for individual consumers with direct field-based benefits consulting for employer group accounts, supported by a dedicated customer support function. Revenue is generated through recurring insurance premiums, employee benefits administration fees, and individual wealth/investment management fees, all anchored by long-duration contractual relationships. The combined group carries an AM Best 'A' (Excellent) financial strength rating and operates under the previously known brands of BF&M and Argus, leveraging nearly 200 years of combined regional heritage as its primary brand asset in island and offshore markets.
The business is administered by a small headcount (firmographics report 51–100 employees, likely reflecting the legacy Argus scope) and offers publicly disclosed shareholder services consistent with its listed status. The company does not disclose pricing on its website, directing customers to direct quotes, which is typical for negotiated group benefits and personalized insurance underwriting.
Argus Group firmographics
Firmographics- Name
- Argus Group
- Legal name
- Allshores Limited
- Website
- https://argus.bm
- Company type
- Public
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Argus Group is a Bermuda-based insurance and financial services company, now operating as part of Allshores Limited following its 2024 merger with BF&M. It provides health, wealth, employee benefits, and personal and commercial insurance across 18 jurisdictions in Bermuda, the Caribbean, and Europe.
- Ownership category
- akta.pro rank
Argus Group industry classification
Industry- Product category
- Insurance and Financial Services
- NAICS
- Direct Life, Health, and Medical Insurance Carriers (52411), Health and Welfare Funds (525120), Other Insurance Funds (52519)
- SIC
- Life Insurance (6311), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Group Annuities (Employer/Institutional) (FSAIACAI)
- akta.pro secondary industries
- Group AD&D (Standalone or Bundled with Life) (FSAIADAG), Group AD&D Insurance (Employer-Sponsored) (FSAIALAA), Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK)
Keywords
Where Argus Group is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices1 record
Markets served
Argus Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Insurance Premiums: The company generates revenue primarily through insurance premiums collected from personal and commercial insurance policies, including health, property, and other coverage types.
- Employee Benefits Administration: Revenue from administering group health, pension, life and disability benefits for employer clients.
- Individual Wealth/Investment Products: Fees and charges from managing individual investment and wealth products for personal customers.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Argus Group product offering
Product offeringCore offering
Argus Group, now operating under Allshores (formed from the merger of BF&M and Argus), provides health, wealth, and insurance solutions for individuals and employers. Its offerings include group and individual health insurance, group pension and life/disability benefits, personal and commercial property and casualty insurance, individual wealth and investment products, and wellness programs. The group serves 18 jurisdictions across Bermuda, the Caribbean, and Europe.
Product overview
Allshores (formed from the merger of BF&M and Argus) offers an integrated platform of insurance, health, and financial services. The core Health + Wealth division provides employee benefits (group health, pension, life/disability), individual health insurance, and individual wealth/investment products. The Insurance division covers personal insurance (home, auto) and commercial insurance for businesses. The company serves 18 jurisdictions across Bermuda, the Caribbean, and Europe with tools, partnerships, and programs that empower island communities to be prepared and protected.
Differentiator
Problem solved
Functional benefit
Brands
- Allshores Health + Wealth: Health, wealth, and insurance services
- Employee Benefits
- Personal Insurance
- Commercial Insurance
Products and services
- Employee Benefits
Companies that use Argus Group
Customer profileSegments3 records
Ideal customer profiles3 records
Argus Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Argus Group partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
Argus Group competitors and assessment
Company assessmentDirect peers
- Sagicor Financial Company Ltd: Caribbean-domiciled financial services group offering life insurance, health, pensions, and wealth management across the Caribbean region. Direct comparable in product mix (life/health/wealth), regional footprint, and target customer base (Caribbean individuals and employers).
- Guardian Life of the Caribbean: Caribbean insurance and financial services provider offering group and individual life, health, pensions, and wealth products. Direct competitor across the same Caribbean markets with a similar product portfolio of group benefits and individual insurance.
- Colonial Insurance (Bermuda): Bermuda-domiciled property and casualty insurance company serving the Bermuda market. Direct competitor for personal and commercial insurance in Allshores' core Bermuda home market.
Regional players
- Massy Holdings Ltd: Trinidad-headquartered conglomerate with significant insurance operations across the Caribbean. Comparable as a regional multi-line insurance and financial services group operating in overlapping Caribbean geographies.
- NCB Financial Group: Jamaican financial conglomerate with insurance, banking, and wealth management operations across the Caribbean. Comparable for regional Caribbean insurance/banking/wealth distribution, though anchored in Jamaica rather than Bermuda.
- Cayman National Corporation: Cayman Islands-based financial services group offering banking, insurance, and wealth management. Comparable as a regional offshore financial services peer operating in an adjacent Caribbean jurisdiction with a similar integrated banking/insurance/wealth model.
Broad incumbents
- Hiscox Ltd: Bermuda-headquartered specialty insurer offering commercial and personal lines with a strong offshore and high-net-worth franchise. Comparable as a Bermuda-domiciled insurer serving overlapping customer segments in the Caribbean and offshore wealth markets.
- Aspen Insurance Holdings: Bermuda-based specialty insurance and reinsurance company operating across multiple lines of business globally. Comparable as another Bermuda-headquartered multi-line insurer with presence across international and offshore markets.
- Enstar Group Limited: Bermuda-based insurance group focused on legacy/run-off insurance acquisitions. Comparable as a Bermuda-domiciled publicly traded insurance platform operating in the same regulatory and capital markets environment.
- Lancashire Holdings Limited: Bermuda-based specialty insurer providing property, casualty, and aviation coverage. Comparable as another Bermuda-domiciliated publicly traded insurer serving global specialty markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Argus Group social profiles
Digital presenceArgus Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Argus Group leadership team
Management profileNumber of profiles
Profiles1 record
Argus Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Argus Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Argus Group
What does Argus Group do?
Argus Group, now operating under Allshores (formed from the merger of BF&M and Argus), provides health, wealth, and insurance solutions for individuals and employers. Its offerings include group and individual health insurance, group pension and life/disability benefits, personal and commercial property and casualty insurance, individual wealth and investment products, and wellness programs. The group serves 18 jurisdictions across Bermuda, the Caribbean, and Europe.
Is Argus Group a public or private company?
Argus Group is a public company. It is classified as unknown and is currently operating.
When was Argus Group founded?
Argus Group was founded in 2024. It employs 51 to 100 people.
Where is Argus Group based?
Argus Group is headquartered in Hamilton, Bermuda.
How does Argus Group make money?
Three revenue lines are on record. Insurance Premiums are the primary driver. The others are employee Benefits Administration and individual Wealth/Investment Products.
Who are Argus Group's main competitors?
Direct peers on record are Sagicor Financial Company Ltd, Guardian Life of the Caribbean and Colonial Insurance (Bermuda). Regional players are Massy Holdings Ltd, NCB Financial Group and Cayman National Corporation. Broad incumbents are Hiscox Ltd, Aspen Insurance Holdings, Enstar Group Limited and Lancashire Holdings Limited.
Does Argus Group have an API?
No public API is recorded for Argus Group.
What industry is Argus Group in?
Argus Group's product category is Insurance and Financial Services. Its primary akta.pro industry code is FSAIACAI, Group Annuities (Employer/Institutional), with a secondary code of FSAIADAG, Group AD&D (Standalone or Bundled with Life). Its NAICS code is 52411 and its SIC code is 6311.