LONDON – 14 February 2017 – ArgoGlobal, the Lloyd’s insurer and member of Argo Group International Holdings, Ltd. (NASDAQ: AGII), today announced an exciting new partnership with FIA Formula E World Championship contenders Faraday Future Dragon Racing. The alliance positions ArgoGlobal as an official partner of the team, with ArgoGlobal branding featured on Faraday Future Dragon Racing cars and team clothing at championship events throughout the season.
Argo Group Chief Executive Officer Mark E. Watson III comments: “Our shared values of innovation, teamwork, courage and commitment make Formula E and ArgoGlobal an ideal match. We are delighted to work in partnership with Faraday Future Dragon Racing to promote sustainable innovation to a global audience. The team’s ethos mirrors our own, and we are excited about the opportunities that this collaboration will bring for both parties.”
In July 2016, California technology business Faraday Future announced it would become the title sponsor and forge a technology partnership alliance with Dragon Racing. Faraday Future Dragon Racing, a founding member of the FIA Formula E World Championship series, is one of ten teams competing.
Faraday Future Dragon Racing Team Owner and Team Principal Jay Penske comments: “It is an honour to partner with ArgoGlobal and to provide them with a growing global platform for their brand. The team and its partners are focused on driving cutting-edge innovation and efficiency in the EV market, and we welcome like-minded organisations who actively support these objectives.”
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ArgoGlobal is the trading brand of Syndicate 1200 at Lloyd’s, managed by Argo Managing Agency Ltd. The Syndicate offers worldwide property, aerospace, marine, energy, specialty and non-U.S. liability insurance. Market-leading expertise, knowledge, an innovative approach and focus on its customers, together with the substantial resources, financial strength and international scope of Argo Group, support ArgoGlobal’s position as a leading player in the Lloyd’s market. For more information, visit www.argo-global.com.
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 FARADAY FUTURE DRAGON RACING
Founded by Jay Penske, Faraday Future Dragon Racing is one of 10 teams competing in the FIA Formula E World Championship, and is a founding member of the series. In July 2016, California technology business Faraday Future announced that it would become the title sponsor and forge a technology partnership alliance with Dragon Racing. For more information, visit: www.dragonracing.com.
For media enquiries, please contact:
Faraday Future Dragon Racing
+1 647 232 7600
Faraday Future Dragon Racing
PR & Communications Specialist
+1 310 874 5968
Argo Group International Holdings, Ltd.
SVP Communications & Public Relations
+1 210 321 2104