Argo Group Announces Additions to Board of Directors
February 27 2017 - 9:02AM
Business Wire
Argo Group International Holdings, Ltd. (NASDAQ: AGII), an
international underwriter of specialty insurance and reinsurance
products, today announced the appointment of Dee Lehane and Al-Noor
Ramji to its board of directors.
“It is an honor to have these Dee and Al-Noor join our board,”
said Argo Group Chairman Gary Woods. “They are both accomplished
individuals with a proven ability to lead, and their expertise will
help us achieve the strategic growth objectives we have established
for the company.”
Dee Lehane's international career includes significant
experience dealing with strategic issues and technology-led
business change at global insurance companies. She was previously
Managing Partner Global Insurance Industry for Accenture, where she
worked for over 20 years. She is currently the Independent Chair of
the Debt Market Integrator, a Cabinet Office venture serving a
number of government departments and Chairman of ORIC
International, the Insurance Industry Risk Consortium. She has
previously served on the boards of Aviva Life and Pensions
Insurance Ireland and Aviva Health Insurance Ireland, including
roles on the Audit (Chair) and Risk Committees.
Al-Noor Ramji joined Prudential in January 2016 in the newly
created role of Group Chief Digital Officer and is responsible for
developing and executing an integrated, long-term digital strategy
for the group. Before joining Prudential, he worked at Northgate
Capital, a venture firm in Silicon Valley, where he ran
technology-focused funds. Prior to this, he was at Misys, a
financial services group, and has previously held leading
technology and innovation roles at BT Group, Qwest Communications,
Dresdner Kleinwort Benson and Swiss Bank Corporation.
“We intend to make the Argo customer experience intimate, simple
and digital. Dee and Al-Noor bring us the broad strategic insight
we need to make that happen quickly and successfully,” said Argo
Group CEO Mark E. Watson III.
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.
FORWARD-LOOKING STATEMENTS
This press release 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.
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. We
believe that these factors include, but are not limited to, the
following: 1) unpredictability and severity of catastrophic events;
2) rating agency actions; 3) adequacy of our risk management and
loss limitation methods; 4) cyclicality of demand and pricing in
the insurance and reinsurance markets; 5) statutory or regulatory
developments including tax policy, reinsurance and other regulatory
matters; 6) our ability to implement our business strategy; 7)
adequacy of our loss reserves; 8) continued availability of capital
and financing; 9) retention of key personnel; 10) competition; 11)
potential loss of business from one or more major insurance or
reinsurance brokers; 12) our ability to implement, successfully and
on a timely basis, complex infrastructure, distribution
capabilities, systems, procedures and internal controls, and to
develop accurate actuarial data to support the business and
regulatory and reporting requirements; 13) general economic and
market conditions (including inflation, volatility in the credit
and capital markets, interest rates and foreign currency exchange
rates); 14) the integration of businesses we may acquire or new
business ventures we may start; 15) the effect on our investment
portfolios of changing financial market conditions, including
inflation, interest rates, liquidity and other factors; 16) acts of
terrorism or outbreak of war; and 17) availability of reinsurance
and retrocessional coverage, as well as management's response to
any of the aforementioned factors.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170227005896/en/
Argo Group International Holdings, Ltd.David Snowden,
210-321-2104Senior Vice President, Corporate
Communicationsdavid.snowden@argogroupus.com
Argo (NYSE:ARGO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Argo (NYSE:ARGO)
Historical Stock Chart
From Apr 2023 to Apr 2024