Argo Pro Expands Management Liability Portfolio with New Commercial Crime Insurance Coverage

Business Wire

JERSEY CITY, N.J.--(BUSINESS WIRE)--

Argo Pro, a member of Argo Group International Holdings, Ltd. (NASDAQ:AGII), an international underwriter of specialty insurance and reinsurance products, today announced that the company has expanded its line of management liability insurance products with a new commercial crime insurance product offering.

Argo Pro’s Crime and Fidelity insurance coverage helps to protect medium-sized companies—up to $15 million in capacity—against loss of money, securities or inventory resulting from crime. Features of this specialty insurance coverage, which is available in most states in the U.S., includes protection against losses due to employee dishonesty; forgery or alteration; theft, robbery and burglary (inside the premises); theft and robbery (outside the premises); computer fraud; electronic funds transfer (EFT) fraud; and counterfeit currency and money orders.

“With fraud and embezzlement in the workplace on the rise, even the best work environments are vulnerable to crimes committed by employees,” said Laurie Banez, senior vice president, chief underwriting officer, Argo Pro. “In responding to such increased exposure, companies would be best served by proactively managing their commercial crime risks with a comprehensive crime insurance product that can protect their assets against potentially significant losses.”

For more information about Argo Pro’s Crime and Fidelity management liability insurance coverage, contact Steve Scheier at 732-623-8988 or sscheier@argoprous.com, or Laurie Banez at 732-623-8966 or lbanez@argoprous.com.

About Argo Pro

Argo Pro is a leading provider of professional lines insurance products and services that can accommodate medium and large organizations on an admitted and non-admitted basis. Through a single operating platform, and a robust network of appointed wholesale and retail distribution partners, Argo Pro offers a broad, customizable portfolio of errors and omissions, and management liability insurance solutions. Argo Pro maintains offices in Chicago, Jersey City, San Francisco, and Scottsdale. For more information, visit www.argoprous.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 insurance subsidiaries are A.M. Best-rated ‘A’ (Excellent) and Argo Group’s U.S. insurance subsidiaries are Standard & Poor’s-rated ‘A-’ (Strong). For more information visit www.argolimited.com.

Contact:
Argo Group International Holdings, Ltd.
Jamie Pachomski, APR, 617-235-6166
Manager, Corporate Communications & PR
jpachoms@argogroupus.com

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