GEOX DRAGON Announces Multi-Year Extension With Argo Group - Argo Group

GEOX DRAGON Announces Multi-Year Extension With Argo Group

Los Angeles 12/6/2018 – GEOX DRAGON extends partnership with specialty underwriter Argo Group

After two years of success with GEOX DRAGON, the team is pleased to announce a multi-year extension of its ongoing partnership with leading specialty insurance provider, Argo Group.

The continued partnership with GEOX DRAGON underscores Argo’s commitment to innovation, teamwork, and sustainability. Argo branding will feature prominently on the team’s Penske EV-3 race cars as well as on the team, kit, merchandise driver fire-suits, and team garage. Argo and GEOX DRAGON will work behind the scenes to share the best practices that allow both organizations to succeed in their respective fields.

At the 2017 and 2018 New York City ePrix, Argo Group and GEOX DRAGON partnered to fund local STEM programs for young people with a total donation of $20,000 – a demonstration of both teams’ commitment to fostering sustainability through education and innovation.

“We are excited to continue to work with GEOX DRAGON,” said Mark E. Watson III, CEO, Argo Group. “The partnership, which began nearly two years ago, is an ideal match for both of us. In auto racing teamwork is elemental. There is a remarkable interdependence and commitment not to let each other down. The only winning combination is a crew devoted to training and willing to trust. The rewards go to those who are willing to take extraordinary risks and manage those risks. That’s a lot like business, certainly our business.”

Jay Penske, Owner and Team Principal of GEOX DRAGON added that “Like Argo, we think toward the future and embrace challenges. The GEOX DRAGON Formula E Team shares strong synergies with Argo, which is why we have achieved so much in the first two years of our partnership. We share a common dedication to constant improvement and a passion for developing new technologies to take calculated risks to achieve our objectives. I look forward to seeing the future success of our partnership, both on and off the race course.”

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 positive outlook. More information on Argo Group and its subsidiaries is available at

The Geox group operates in the classic and casual footwear sector for men, women and kids in the average-high price bracket as well as in the clothing sector. Geox owes its success to its constant product focus and its application of innovative and technological solutions which bring about breathability and water-tightness. All Geox’s future-growth strategies are based on ongoing technological innovation.

Geox is one of the major world players on the international lifestyle-casual footwear market. Geox innovation is protected by as many as 35 different patents and 10 more recent patent applications.

Geox was born in Italy but it has always had an international vocation: over 70% of its proceeds comes from more than 110 different foreign countries.

The Group has a diversified distribution strategy in the various markets to ensure that the brand is promoted consistently for each end consumer. As of the 31st of December 2017, the Geox distribution network included a presence in around 10,000 multi-brand stores and 1,095 single-brand stores worldwide.

DRAGON is an American racing team founded in 2007 by Jay Penske. After many successful years competing in IndyCar, DRAGON became one of the founding teams of the ABB FIA Formula E Championship. The team is headquartered in Los Angeles, California – the largest single metropolitan EV (electric vehicle) market in the world – and has additional operations in the United Kingdom at the Donington Park racing circuit. DRAGON is one of the leading teams in the Formula E Championship, with the Penske-led team finishing 2nd (runner-up) in the inaugural 2014/2015 Formula E season, and 4th in the second 2015/2016 ABB Formula E championship.  DRAGON has one of the most experienced teams in the Formula E paddock. Collectively, DRAGON team members have over 180 years of racing experience, with over 275 race wins, 24 Indy 500 victories, and 17 series championships. DRAGON’s pilots for Season 5 of the ABB FIA Formula E Championship include three-time World Touring Car Driver’s Champion and multiple FIA Formula E podium finisher José María López and Formula 2 race winner, Maximilian Günther. DRAGON’s team motto is the Latin phrase “E Pluribus Unum” – meaning “out of many, there is one.”

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