HAMILTON, Bermuda – August 14, 2017 – Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced a new partnership with Volvo Ocean Race contenders Vestas 11th Hour Racing. Through this sponsorship, Argo Group becomes an official partner of the team throughout the entire Volvo Ocean Race 2017–2018 edition, beginning in October. The race’s legs span a total of 45,000 miles through 12 landmark host cities, giving Argo Group a strong international platform to reinforce the company’s commitment to innovation and sustainable sports.
“Our partnership is an ideal opportunity for collaboration,” said Argo Group CEO Mark E. Watson III. “The qualities that we at Argo Group value – courage, sustainability and team-driven innovation – match those of Vestas 11th Hour Racing. Together, we will use the exciting Volvo Ocean Race to showcase these values for racing fans around the world.”
Vestas is returning this year to the Volvo Ocean Race for a second consecutive edition, this time joined by 11th Hour Racing, a programme of The Schmidt Family Foundation. The mixed crew will be made up of at least six nationalities, and led by the American duo of Charlie Enright and Mark Towill, which Argo also sponsored in the 2014-2015 Volvo Ocean Race.
“We are thrilled to partner with Argo Group, an organization that shares so many of our values,” said Towill, co-founder and team director of Vestas 11th Hour Racing. “We are committed to achieving exemplary results in sport and sustainability, and we welcome others who support these values.”
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ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NASDAQ: AGII) 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 four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group’s insurance subsidiaries are A. M. Best-rated ‘A’ (Excellent) (fourth highest rating out of 16 rating classifications) with a stable outlook, and Argo’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.
ABOUT VESTAS 11TH HOUR RACING
Led by Charlie Enright and Mark Towill, Vestas and 11th Hour Racing join forces to compete in the 2017-18 Volvo Ocean Race with one simple mission: Achieve exemplary results in sport and be the most sustainable team in the race. This is our opportunity to win the most epic sprint around our fragile planet, whilst showcasing business as a force for good. As experienced organisations and individuals, we understand the need to set a precedent whereby helping our partners and fans, accomplish their sustainable goals. We advocate for effective solutions for a clean atmosphere and marine habitat, harnessing the power of nature for a cleaner tomorrow, and using unparalleled knowledge to empower collaborative, systematic change for our environment. Let’s lead sustainability, together.
Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 83 GW of wind turbines in 75 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 73 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 22,000 employees are bringing the world sustainable energy solutions to power a bright future. For more information, please visit www.vestas.com.
ABOUT 11TH HOUR RACING
11th Hour Racing, a program of The Schmidt Family Foundation, establishes strategic partnerships within the sailing and marine communities to promote collaborative systemic change for the health of our ocean, one degree at a time. 11th Hour Racing harnesses the power of sport to increase our understanding of the marine environments, find innovative solutions to the issues that impact these resources, and promote stewardship and sustainable use of the seas, collaborating with the international sailing community through three main areas of engagement: grants, sponsorships, and ambassadors. For more information, please visit www.11thhourracing.org.
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Argo Group International Holdings, Ltd.
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