Argo Announce Board Of Directors Nominees

February 22, 2020 | 0 Comments

Argo Group International Holdings announced the nominations of Dr. Bernard C. Bailey & Fred R. Donner to stand for election to the company’s board of directors at Argo’s annual shareholder meeting on April 16, 2020.

A spokesperson said, “Argo Group International Holdings, Ltd. an international underwriter of specialty insurance and reinsurance products in the property and casualty market, today announced the nominations of Dr. Bernard C. Bailey and Fred R. Donner [Nominees] to stand for election to the company’s board of directors at Argo’s annual shareholder meeting on April 16, 2020.

“The nominees were jointly agreed upon by Argo and Voce Capital Management LLC [Voce] as part of the previously announced cooperation agreement [Cooperation Agreement] between the company and Voce. These nominations follow the appointment of Carol A. McFate to the Argo board this month, which was also made pursuant to the cooperation agreement.”

“Through ongoing consultation with Voce, as well as other shareholders, we are making meaningful progress in our efforts to refresh, enhance and strengthen Argo’s board of directors,” said Thomas A. Bradley, Argo Group Board Chairman-elect.

“Bernard and Fred bring to the board a great wealth of complementary experience in the insurance industry, finance and corporate governance domains. We look forward to welcoming them to the board and are confident they will provide valuable perspective as we continue to position the company for future success.”

J. Daniel Plants, Founder and Chief Investment Officer of Voce, said, “We wish to thank the Argo Board – and particularly Chairman-elect Tom Bradley and CEO Kevin Rehnberg – for their open and constructive approach throughout this process.

“As Argo’s fourth-largest shareholder, we strongly believe in its potential and the nomination of these two excellent director candidates represents another positive step forward for the company. Our focus remains on creating value for all Argo shareholders, and we will continue to collaborate closely with the company’s new board and executive leadership in this pursuit.”

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