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Heritage also announced the departure of James Sardeson as the director of underwriting, effectively immediately.
"Andrew has done a magnificent job with Argo Re in its first full year of operation, having established a first class management team of underwriters and generating a considerable book of business," said Mark E. Watson III, president and CEO of Argo Group. "We have seen tremendous success from Andrew's experience and approach to underwriting. His additional role with Heritage is to help propel that business and leverage the international platform that Argo Group now has in place."
Prior to joining Argo Group in 2007, Mr. Carrier was with Kiln for 23 years. He was the active underwriter for the Kiln Group's Catastrophe Syndicate 557 at Lloyd's, one of the market's most profitable and highly regarded syndicates. He is a widely respected member of the international insurance sector and was chairman of Lloyd's International Reinsurance Committee. He was a member of the Underwriting Advisory Committee at Lloyd's.
ABOUT HERITAGE MANAGING AGENCY LTD, MEMBER OF ARGO GROUP
Heritage is an established, specialist insurer that underwrites through Lloyd's of London. Its business is focused on underwriting worldwide property and liability risks. The worldwide property unit incorporating personal accident and international property treaty concentrates on underwriting short-tail risks with an emphasis on commercial property.
The liability unit underwrites non-US, professional indemnity, financial institutions and directors and officers liability insurance and US specialty classes.
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Headquartered in Hamilton, Bermuda, Argo Group International Holdings, Ltd. (NasdaqGS: AGII | Quote | Chart | News | PowerRating) 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.
SOURCE: Argo Group International Holdings, Ltd.
Argo Group International Holdings, Ltd. John Narraway, 441-278-3704 VP, Corporate Marketing Communications
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