Bermuda-based insurance company Argo Group International Holdings must pay a $900,000 civil penalty in a settlement reached with the Securities and Exchange Commission to resolve charges that it failed to fully disclose perquisites and benefits provided to its former chief executive officer.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...