Argo Group International Holdings, Ltd.

Argo Group International Holdings, Ltd. (Argo Group) is a property and casualty company, which is engaged in providing specialty insurance and reinsurance products. The company commercializes its products through a range of distributors, agents and brokers. It operates through three business segments namely: International Specialty, Excess and Surplus Lines and Commercial Specialty. Through its segments, Argo Group offers a comprehensive line of products and services to meet the specific coverage and claims handling requirements of businesses. Its geographic operations are concentrated in the U.S., Bermuda, the U.K. and continental Europe. The company is headquartered in Hamilton, Bermuda and employs 1,181 people.

On May 14, 2008, the company acquired Heritage Underwriting Agency plc, specializing in worldwide property and non-U.S. liability business.

Argo Group is the combined entity resulting from the merger between Argonaut Group, Inc. and PXRE Group, Ltd. during August 2007.

The company recorded revenues of $994.1 million during the fiscal year ended December 2007, an increase of 8.3% over 2006. The operating profit of the company was $139.1 million during the fiscal year 2007, a decrease of 10.1% over 2006. The net profit of the company was $143.8 million during the fiscal year 2007, an increase of 35.7% over 2006.