HAMILTON, Bermuda–(BUSINESS WIRE)– Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today released its digital 2017 Mid-Year Report available at argolimited.com. The report discusses current market conditions and provides updates on Argo’s U.S. and international operations segments.
“Steady on our strategic course to be a leading, global specialty underwriter, we once again achieved strong results for our shareholders,” writes Argo Group CEO Mark E. Watson III in his letter to shareholders.
In addition to updates on Argo’s segments, the report explains the company’s strategy to ensure high performance in a tough environment. It emphasizes the company’s strong leadership team, diversified portfolio, intimate customer relationships, and increasingly digital products.
“Ours is an industry designed to help businesses stay in business. We won’t lose sight of our mission,” writes Watson.
While announcing Argo’s strong results, Watson acknowledged the devastation wrought by Hurricane Harvey, which made landfall in Texas on August 25. “High winds and torrential rains continue to cause catastrophic damage and injury, and we all know that the effects will be felt for months,” he said. “We should recognize the courage and tenacity of our clients, colleagues and relatives in the storm’s path.”
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. Through its operating subsidiaries, 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 worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M. Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’ (Strong) by Standard & Poor’s with a stable outlook. For more information, visit www.argolimited.com.
This release and the referenced 2017 Mid-Year Report 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. For further information, please see the Forward-Looking Statements disclosure in the 2017 Mid-Year report.
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David Snowden, +1 210-321-2104
Source: Argo Group International Holdings, Ltd.