Argo Group International Holdings, Ltd. (NasdaqGS: AGII), an international underwriter of specialty insurance and reinsurance products, announced today that Eduardo Pitombeira has joined Argo Group as director of Business Development and Financial Lines for its commercial property and casualty insurance operations in Brazil. Mr. Pitombeira will report to Pedro Purm, chief executive officer of Argo Group’s Brazilian operations, and will be based in Sao Paulo. Leading the financial lines area, Mr. Pitombeira will manage all undertakings related to specialty professional lines, casualty and surety products. He also will oversee and coordinate strategy for product, marketing and distribution for all of Argo Group’s underwriting activities in Brazil. “Eduardo brings with him a wide breadth of industry knowledge, and his extensive expertise in financial lines makes him a valuable addition to the Argo team and a vital connection to our clients,” said Mr. Purm. “He’s a recognized expert in our market who will extend the Argo Group brand within the broker community and help us to build a ‘best in class’ operation here in Brazil.” Mr. Pitombeira earned his J.D. from Universidade São Francisco and holds a post-graduate degree in corporate law specializing in corporate governance. He was responsible for the startup of the financial lines operation at Zurich Latin America, and in the last two years, he was exclusively dedicated to the Brazilian marketplace developing the second largest financial lines portfolio in Brazil. His prior experience also includes developing and launching the financial lines portfolio at ACE Brazil. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Argo Group International Holdings, Ltd. (NasdaqGS: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200. Argo Group's insurance subsidiaries are A. M. Best-rated 'A' (Excellent) (third highest rating out of 16 rating classifications) with a stable outlook, and Argo's U.S. insurance subsidiaries are Standard and Poor's-rated 'A-' (Strong) with a stable outlook. More 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 differ materially 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.
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