Market Overview

Argo Group Announces the Appointment of Thomas A. Bradley to its Board of Directors

Share:

Argo Group International Holdings, Ltd. (NYSE:ARGO), an international
underwriter of specialty insurance and reinsurance, today announced the
appointment of Thomas A. Bradley to its board of directors.

"It is an honor to welcome Tom to our board," said Argo Group Chairman
Gary Woods. "As we continue to build shareholder value, it is critical
to have the right board in place. Tom's strong leadership and admirable
history as an executive and leader of companies listed on the NYSE makes
him a great addition to the board. The knowledge he brings to our board
of directors and leadership team will be pivotal in assessing and
improving Argo Group's financial structure and performance as we make
the most of our position as a NYSE-listed company."

Bradley retired from Allied World Assurance Company Holdings, AG (NYSE: AWH) in July 2017. While there, he served as chief financial officer and
executive vice president since 2012. Before joining Allied, he served as
executive vice president and chief financial officer for two other
public companies: Fair Isaac Corporation (NYSE:FICO) and The St. Paul
Companies (NYSE:SPC). Bradley also held senior financial and
operational positions at Zurich Insurance Group, including chief
financial officer for North America and chief executive officer of the
Universal Underwriters Group (now Zurich Direct Markets). He also served
on the board of directors of Nuveen Investments, Inc. (NYSE:JNC).

Bradley earned a bachelor's degree in accounting from the University of
Maryland and a Master in Business Administration from Loyola University
Maryland. He also is a Certified Public Accountant (inactive).

"Risks are now emerging with increasing speed and variety, and companies
in our industry must look into the future with even greater focus," said
Argo Group CEO Mark E. Watson III. "Tom is a financial expert whose
strategic insights – gained over the course of a diverse and successful
career – will be invaluable to Argo Group as we identify and adapt to
these new risks and continue to evolve as a leading specialty
underwriter."

ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

Argo Group International Holdings, Ltd. (NYSE:ARGO) is an international
underwriter of specialty insurance and reinsurance products in the
property and casualty market. Argo Group offers a full line of products
and services designed to meet the unique coverage and claims handling
needs of businesses in two primary segments: U.S. Operations and
International Operations. Argo Group's insurance subsidiaries are A. M.
Best-rated 'A' (Excellent) (third highest rating out of 16 rating
classifications) with a stable outlook, and Argo Group's U.S. insurance
subsidiaries are Standard and Poor's-rated 'A-' (Strong) with a stable
outlook. More information on Argo Group and its subsidiaries is
available at www.argolimited.com.

FORWARD-LOOKING STATEMENTS

This press release may include forward-looking statements, both with
respect to Argo Group and its industry, that reflect our current views
with respect to future events and financial performance. These
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that do not relate solely to
historical or current facts, and can be identified by the use of words
such as "expect," "intend," "plan," "believe," "do not believe," "aim,"
"project," "anticipate," "seek," "will," "likely," "assume," "estimate,"
"may," "continue," "guidance," "objective," "outlook," "trends,"
"future," "could," "would," "should," "target," "on track" and similar
expressions of a future or forward-looking nature. All forward-looking
statements address matters that involve risks and uncertainties, many of
which are beyond Argo Group's control. Accordingly, there are or will be
important factors that could cause actual results to differ materially
from those indicated in such statements and, therefore, you should not
place undue reliance on any such statements. We believe that these
factors include, but are not limited to, the following: 1)
unpredictability and severity of catastrophic events; 2) rating agency
actions; 3) adequacy of our risk management and loss limitation methods;
4) cyclicality of demand and pricing in the insurance and reinsurance
markets; 5) statutory or regulatory developments including tax policy,
reinsurance and other regulatory matters; 6) our ability to implement
our business strategy; 7) adequacy of our loss reserves; 8) continued
availability of capital and financing; 9) retention of key personnel;
10) competition; 11) potential loss of business from one or more major
insurance or reinsurance brokers; 12) our ability to implement,
successfully and on a timely basis, complex infrastructure, distribution
capabilities, systems, procedures and internal controls, and to develop
accurate actuarial data to support the business and regulatory and
reporting requirements; 13) general economic and market conditions
(including inflation, volatility in the credit and capital markets,
interest rates and foreign currency exchange rates); 14) the integration
of businesses we may acquire or new business ventures we may start; 15)
the effect on our investment portfolios of changing financial market
conditions, including inflation, interest rates, liquidity and other
factors; 16) acts of terrorism or outbreak of war; and 17) availability
of reinsurance and retrocessional coverage, as well as management's
response to any of the aforementioned factors.

View Comments and Join the Discussion!