HAMILTON, Bermuda–(BUSINESS WIRE)– Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance, today released its digital 2018 Mid-Year Report. The report discusses milestones the company has achieved in the first six months of 2018 for continued growth and profitability in both U.S. and International Operations.
“We competed in new and expanding niche markets around the world, maintained rigorous discipline in risk selection, innovated products and systems with advanced technology, and offered customers exceptional service across all our platforms,” writes Argo Group CEO Mark E. Watson III in his letter to shareholders.
In addition to updates on Argo’s segments, the report highlights Argo’s commitment to technology and innovation.
“Nearly two decades ago, we identified technology as a transformative and potentially disruptive force that would ultimately change the way business is transacted in the insurance market. Ours is an industry that has been slow to adapt to change, and so it comes as no surprise that it took longer than we anticipated for these trends to emerge. Fortunately, at Argo our size allows us to be nimble and responsive,” continues Watson.
The report also focuses on the future of insurance and addresses emerging trends, threats and opportunities identified in The Future of Insurance – 2018 Insights: Risks, Uncertainty and a Looming Talent Gap survey findings. Watson’s letter addresses leading emerging risk categories including cyber, climate change, talent, use of data and user connection. “The results confirm that some categories of risk are growing so fast and with such complexity that the proper level of insurance is lagging behind,” adds Watson.
The full digital report can be viewed at https://www.argolimited.com/reports/2018-midyear-report.
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 positive outlook. More information on Argo Group and its subsidiaries is available at www.argolimited.com.
This release and the referenced 2018 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. 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. 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 2018 Mid-Year Report.
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Argo Group International Holdings, Ltd.
David Snowden, 210-321-2104
Senior Vice President, Group Communications
Susan Spivak Bernstein, 212-607-8835
Senior Vice President, Investor Relations
Source: Argo Group International Holdings, Ltd.