Argo Surety Expands Capabilities to Serve the Growing Needs of U.S. Clients
for Surety Bonds in Europe
HOUSTON -- December 5, 2013
Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international
underwriter of specialty insurance and reinsurance products, announced today
that Argo Surety now has the capability to issue surety bonds throughout the
European Union (EU). Policies will be written through Argo Group’s European
subsidiary, ArgoGlobal SE, which has been authorized by the Malta Financial
Services Authority to write insurance throughout the EU.
“Argo Surety is committed to providing specialty insurance solutions both in
the U.S. and internationally to meet the growing needs of the surety bond
market, which continues to gain acceptance and expand globally,” said Josh
Betz, president, Argo Surety. “Our ability to write surety business in Europe
helps to ensure we’re consistently providing value to our intermediaries and
policyholders over the long term, as efficiently and effectively as possible.”
In partnership with its network of national and global intermediaries, Argo
Surety will serve multinational, Fortune 2000-size companies based in the
United States with surety needs in the EU. This recent development expands on
Argo Surety’s capabilities to provide surety solutions in the United Kingdom,
Canada, Mexico, Brazil and Puerto Rico.
For more information, visit www.argosurety.com
About Argo Group
Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international
underwriter of specialty insurance and reinsurance products in the property
and casualty market. Through its operating subsidiaries, 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 worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M.
Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’
(Strong) by Standard & Poor’s. For more information, visit
Argo Group International Holdings, Ltd.
Jamie Pachomski, APR, 617-235-6166
Manager, Corporate Communications & PR
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