January 29, 2015 5:40 AM ET

Insurance

Company Overview of Argo Group US, Inc.

Company Overview

Argo Group US, Inc., through its subsidiaries, provides commercial property and casualty insurance products and services in the United States. It offers commercial liability and property, and product and environmental liability coverage to commercial enterprises, including restaurants, artisan contractors, daycare centers, and manufacturers, as well as professional liability coverage for healthcare providers and various professionals. The company also provides commercial insurance for independent grocers and dry cleaners, as well as insurance and risk management services for convenience stores, hotels and motels, retail shopping centers, self storage facilities, and religious organizations. ...

10101 Reunion Place

Suite 500

San Antonio, TX 78216

United States

Founded in 1986

Phone:

210-321-8400

Fax:

210-377-2637

Key Executives for Argo Group US, Inc.

President
Age: 50
Chief Executive Officer of Argo Group International Holdings Ltd and President of Argo Group International Holdings Ltd
Age: 50
President of Grocers & Great Central
President of Rockwood
Compensation as of Fiscal Year 2014.

Argo Group US, Inc. Key Developments

Argo Group US, Inc. Presents at Outlook 2014, Oct-16-2014 12:00 PM

Argo Group US, Inc. Presents at Outlook 2014, Oct-16-2014 12:00 PM. Venue: Grand Ballroom, New York, New York, United States.

Argo Group Enters into $175,000,000 Credit Agreement with JPMorgan Chase Bank

On March 7, 2014 each of Argo Group International Holdings, Ltd., Argo Group US, Inc., Argo International Holdings Limited and Argo Underwriting Agency Limited entered into a $175,000,000 Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders and parties signatory thereto. The New Credit Agreement replaced the prior Credit Agreement, dated as of April 30, 2010 and as amended on May 6, 2011 and July 11, 2011, between Argo Group International Holdings, Ltd., Argo Group US, Inc., Argo International Holdings Limited and Argo Underwriting Agency Limited, JPMorgan Chase Bank, N.A. and the other parties thereto, which agreement was terminated in connection with the execution of the New Credit Agreement. The New Credit Agreement provides for a $175 million revolving credit facility, and the commitments there under shall expire on March 7, 2018 unless extended in accordance with the terms of the New Credit Agreement. Borrowings by the Borrowers under the New Credit Agreement may be used for general corporate purposes, including working capital and permitted acquisitions, and each of the Borrowers has agreed to be jointly and severally liable for the obligations of the other Borrowers under the New Credit Agreement. Revolving loans designated by the Borrowers at the time of borrowing as ABR Borrowings that are outstanding under the New Credit Agreement bear interest at a rate per annum equal to the greater of (a) the Prime Rate (as defined in the New Credit Agreement) in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus of 1% and (c) the Adjusted Eurocurrency Rate for a one month interest period on such day plus 1%, plus the Applicable Rate (as defined in the New Credit Agreement). Revolving loans designated by the Borrowers at the time of borrowing as Eurocurrency Borrowings that are outstanding under the New Credit Agreement bear interest at a rate per annum equal to the Adjusted Eurocurrency Rate (as defined in the New Credit Agreement) for the interest period in effect for such Borrowing plus the Applicable Rate (as defined in the New Credit Agreement). The New Credit Agreement contains customary events of default. If an event of default occurs and is continuing, the Borrowers might be required immediately to repay all amounts outstanding under the New Credit Agreement. Lenders holding at least a majority of the loans and commitments under the New Credit Agreement may elect to accelerate the maturity of the loans and/or terminate the commitments under the New Credit Agreement upon the occurrence and during the continuation of an event of default. On the Effective Date, no borrowings were outstanding under the New Credit Agreement. A $180,000 letter of credit was outstanding on the Effective Date under the New Credit Agreement.

Argo Group US, Inc. Appoints Kevin J. Rehnberg as President, U.S. Operations

Argo Group International Holdings Ltd. announced that Kevin J. Rehnberg has been selected to head its US operations. As president of Argo Group US, Mr. Rehnberg will be based in its San Antonio headquarters and oversee all activities of the Company's US business segments. Previously, Rehnberg served as executive vice president for specialty lines at OneBeacon Insurance where he oversaw its existing specialty underwriting operations while acquiring and building out new lines of specialty business. He held similar senior executive positions at The St. Paul Travelers Companies, Liberty International and The Chubb Corporation. Most recently, Rehnberg has served as CEO of Consultants in Laboratory Medicine of Greater Toledo, Inc.

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