Argo Declares Dividend & New Board Members

February 21, 2019 | 0 Comments

Argo Group International Holdings has declared a quarterly cash dividend of $0.31 per share on the company’s common stock, which will be paid on March 15, 2019 to shareholders of record on March 1, 2019, and the company also announced the appointment of Samuel Liss and Tony Latham as independent directors to its board of directors.

“We are pleased to welcome Sam and Tony to the board,” said Argo Group Chairman Gary Woods. “The nominating committee regularly evaluates the make-up of the board, determining opportunities for refreshment and reviewing succession plans. Our objective is to ensure we consistently have the right blend of expertise and to provide strong, independent oversight.

“The board has added five new independent directors in the past two years,” said Woods. “Each new member provides unique value, skill and diversity of views to the board.”

Liss is managing principal of Whitegate Partners LLC, an advisory firm to operating companies and private equity firms specializing in the financial services and business services sectors. He is a board member of Verisk Analytics, Inc. and J.S. Held. He is also an adjunct professor at NYU Stern School of Business and Columbia Law School, where he teaches courses on Corporate Governance.

From an operational perspective, Liss served as executive vice president at Travelers Insurance, where he was responsible for corporate development, as well as group business head of one of Travelers’ three operating divisions – Financial, Professional and International Insurance. Prior to Travelers, Liss was a managing director in the investment banking and equity divisions at Credit Suisse First Boston. He began his career at Salomon Brothers. Liss was previously a board member of DST Systems, Inc., Ironshore Insurance, Inc. and Nuveen Investment, Inc.

Latham has international industry experience spanning more than four decades. He has served as an independent director of the board of Argo Managing Agency since 2016. In addition, he has held several board positions across the industry, including director of Pool Re for over two decades and chairman for more than 12 years. He has also held director roles at Codan A/S, Ecclesiastical Insurance, Airclaims, Flagstone Re and British Aviation Insurance.

Latham began his career with Sedgwick (now part of Marsh Inc.) before joining RSA Group where, over a period of 17 years, he served as a member of the group executive and held a number of senior executive roles, including managing director of the global risks division.

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