HAMILTON, Bermuda--(BUSINESS WIRE)--
Argo Group International Holdings, Ltd. (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. (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.
- Investment & Company Information
Susan Spivak-Bernstein, 212-607-8835
Senior Vice President, Investor Relations