Report includes Future of Insurance survey results
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
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.
Argo Group International Holdings, Ltd.
Senior Vice President, Group Communications
Spivak Bernstein, 212-607-8835
Senior Vice President, Investor