Alteris Inc., a services-oriented, complete solutions provider for the managing general agency community, announced today that it has acquired the operating assets of S.N. Potter Insurance Agency, Inc. (SNP), a boutique insurance program manager headquartered in Lodi, California. The acquisition of SNP and its distribution network for niche-specific products and services is the first addition of a managing general agent operation to Alteris' portfolio. Terms of the transaction were not disclosed. Established in 1935, SNP is known for its industry-leading expertise in winery programs, insuring bonded and virtual wineries, vineyard estates, custom crush facilities and storage. SNP’s risk control professionals distribute proprietary coverage through a large, well-established network of independent brokers. In May 2010, Alteris announced it had partnered with SNP in the launch of Winery Plus, a national program formed to build upon SNP's existing book of business, which at the time included a client base of 350 wineries and related facilities. Since then, the number of clients in the Winery Plus program has more than doubled. SNP’s President Paul Fuller, CPCU, will assume a new position as vice president of Strategic Markets for Alteris, reporting to its President, Hilbert “Van” Schenck. “Paul and his team at SNP are highly regarded in the industry. I’m very excited to have them join Alteris,” said Schenck. “As strategic partners, SNP and Alteris were able to demonstrate tremendous results working together to expand Winery Plus. With SNP’s agency operations now fully integrated into Alteris, we will be able to combine resources to more effectively expand the other niche markets in which SNP specialized.” Alteris plans to keep in place the operations at SNP’s headquarters and sales office in Lodi, California, and its sales office in Mesa, Arizona. Alteris will also leverage these existing locations for expansion of its SeptiCover and PowerWrap programs, which have yet to be broadly marketed in western parts of the U.S. ABOUT ALTERIS Alteris Inc., a member of Argo Group International Holdings, Ltd. (NasdaqGS: AGII), provides services-oriented, complete solutions, operating through four business divisions: Trident Insurance Services, Alteris Public Risk Solutions, Alteris Alternative Risk Solutions, and Alteris Commercial Programs. Alteris offers managing general agencies and carriers access to a broad array of exclusive risk solutions for specialty programs and alternative risks including program placement, risk bearing solutions, capital support, strategic alliances, policy systems solutions, claims services, and reinsurance solutions. Information on Alteris is available at www.alterisus.com. 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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