Argo Group's Board Authorizes up to $150 Million Share Repurchase Program
HAMILTON, Bermuda -- November 6, 2013
Argo Group International Holdings, Ltd. (Nasdaq: AGII), an international
underwriter of specialty insurance and reinsurance products, announced today
its board of directors has authorized the company to repurchase up to $150
million of Argo Group common stock. The new share repurchase authorization
supersedes the previous authorization announced on Feb. 18, 2011.
Shares will be repurchased from time to time under the new authorization in
open market transactions or privately negotiated transactions at Argo Group's
discretion, subject to market conditions and other factors.
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) (third 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). More information on
Argo Group and its subsidiaries is available at www.argolimited.com.
Argo Group International Holdings, Ltd.
Susan Spivak-Bernstein, 212-607-8835
Senior Vice President, Investor Relations
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