Argo Group Appoints Two Industry Veterans to Its Finance Team

• Press Release
• Source: Argo Group International Holdings, Ltd.
• On 5:35 pm EST, Monday November 9, 2009

HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (NasdaqGS: AGII - News), an international underwriter of specialty insurance and reinsurance products, is pleased to announce two officer appointments to its finance division.

• N. James Tees as chief accounting officer and treasurer, and
• Rip Reeves as chief investment officer.

Related Quotes

Symbol	Price	Change
AGII	29.78	-0.96

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Both will report to Argo Group CFO Jay Bullock.

“Both Jim and Rip are exceptional additions to our finance and investment teams,” said Mr. Bullock. “Jim’s knowledge and experience in the Bermuda insurance market and Rip’s broad financial background and experience managing insurance assets will be of great benefit to the company. I’m pleased to welcome both to Argo Group.”

Mr. Tees has 18 years experience working in financial positions for insurance and reinsurance companies. He comes to Argo Group from Max Capital Group, where he most recently held the position of EVP of finance and investments. Prior to Max Capital, Mr. Tees held the position of VP and controller for Stockton Holdings, following 11 years with Coopers & Lybrand. He holds a bachelor of science in accounting from the School of Management at the University of Scranton in Pennsylvania and has the designation of certified public accountant.

Mr. Reeves has 25 years experience in portfolio management, sales and trading both on Wall Street and at investment firms. Prior to Argo Group, Mr. Reeves spent nine years as a senior portfolio manager for insurance clients at Standish Mellon Asset Management. He has also managed insurance assets at Scudder, Stevens and Clark and pension and insurance assets at J.P. Morgan Investment Management. Mr. Reeves holds a bachelor of science in marketing and an MBA, both from Louisiana State University.

ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

Argo Group International Holdings, Ltd. (NasdaqGS: AGII - News) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of high-quality products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, Reinsurance, and International Specialty. Information on Argo Group and its subsidiaries is available at www.argolimited.com.

FORWARD-LOOKING STATEMENTS

This press release contains certain statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are qualified by the inherent risks and uncertainties surrounding future expectations generally and also may materially differ from actual future experience involving any one or more of such statements. For a more detailed discussion of such risks and uncertainties, see Argo Group's filings with the SEC. The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo Group that Argo Group's objectives will be achieved. Argo Group undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

Argo Group International Holdings, Ltd.
John Narraway, 441-278-3704
VP, Corporate Marketing Communications