UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 14, 2016
Argo Group International Holdings, Ltd.
(Exact name of registrant as specified in its charter)
Bermuda | 1-15259 | 98-0214719 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
||
110 Pitts Bay Road Pembroke HM 08 Bermuda |
P.O. Box HM 1282 Hamilton HM FX Bermuda |
|||
(Address, Including Zip Code, of Principal Executive Offices) | (Mailing Address) |
Registrants telephone number, including area code: (441) 296-5858
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01. | OTHER EVENTS. |
Argo Group International Holdings, Ltd. (Argo Group) issued a press release on July 14, 2016 announcing its second quarter 2016 preliminary pre-tax loss estimate from catastrophes. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits:
99.1 | Press Release issued by Argo Group International Holdings, Ltd. dated July 14, 2016. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARGO GROUP INTERNATIONAL HOLDINGS, LTD. | ||||||
By: |
/s/ Jay S. Bullock |
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Dated: July 14, 2016 | Name: Jay S. Bullock | |||||
Title: Executive Vice President and Chief Financial Officer |
2
Exhibit 99.1
Press Release
Contact:
Susan Spivak Bernstein
Senior Vice President, Investor Relations
212.607.8835
ARGO GROUP PROVIDES PRELIMINARY LOSS ESTIMATES FOR NATURAL CATASTROPHES
HAMILTON, Bermuda (July 14, 2016) Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced preliminary pre-tax loss estimates from catastrophes of $23 million, net of reinsurance and reinstatement premiums for the three-month period ended June 30, 2016. Catastrophe losses in the quarter are primarily related to the Canadian wildfires and weather related events in the US.
Argo Groups estimate of catastrophe losses is based on claims received to date; policy level reviews; data and discussions with distribution partners; and the Companys internal and external modeling resources. Argo Groups estimates are preliminary and dependent on broad assumptions about coverage, liability, reinsurance, modeling and potential loss development on both known and unknown claims. Accordingly, the actual ultimate net losses attributable to catastrophes may differ materially from Argo Groups preliminary estimates.
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NASDAQ: 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 Groups insurance subsidiaries are A. M. Best-rated A (Excellent) (third highest rating out of 16 rating classifications) with a stable outlook, and Argos U.S. insurance subsidiaries are Standard and Poors-rated A- (Strong) with a stable outlook. More information on Argo Group and its subsidiaries is available at www.argolimited.com .
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Argo House | T 441 296 5858 | |
110 Pitts Bay Road | F 441 296 6162 | |
Pembroke, Bermuda HM08 | ||
www.argolimited.com |
Release: Argo Group Provides Estimates for Its 2016 Second Quater
Page 2
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 Groups filings with the SEC. The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo Group that Argo Groups 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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Argo House | T 441 296 5858 | |
110 Pitts Bay Road | F 441 296 6162 | |
Pembroke, Bermuda HM08 | ||
www.argolimited.com |