Argo Group Announces Estimated Losses from Third Quarter 2020 Catastrophes
Argo Group International Holdings, Ltd. (NYSE: ARGO) announced that its third-quarter 2020 results will be negatively impacted by approximately $54 million in natural catastrophe losses and $17 million related to COVID-19.
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HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (“Argo” or the “company”) (NYSE: ARGO), announced today that its results for the third quarter of 2020 will be adversely affected by estimated losses related to various natural catastrophe events and the continued impact of the COVID-19 pandemic.
Argo expects to report natural catastrophe losses of approximately
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. is an underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo’s insurance subsidiaries are rated “A-” (Excellent) by A.M. Best. Argo and its insurance subsidiaries are rated “A-” (Strong) by Standard and Poor’s. More information on Argo Group and its subsidiaries is available at argolimited.com.
Contacts
Investors:
Brett Shirreffs
Head of Investor Relations
212-607-8830
brett.shirreffs@argogroupus.com
Media:
David Snowden
Senior Vice President, Group Communications
210-321-2104
david.snowden@argogroupus.com