Argonaut Group CEO to Present January 27 At Insurance Industry Conference.

Business Editors

SAN ANTONIO--(BUSINESS WIRE)--Jan. 22, 2003

Argonaut Group, Inc. (Nasdaq:AGII) said today it is participating in the Seventh Annual Insurance Industry Conference of the New York Society of Security Analysts (NYSSA) being held next Monday at The Harvard Club, 27 West 44th Street, New York.

Argonaut Group CEO Mark E. Watson III is scheduled to address the conference at 9:10 a.m. EST on January 27, 2003. Watson's presentation to the conference can be accessed via real-time audio Webcast by visiting Argonaut Group's home page at www.argonautgroup.com. A replay of the presentation also will be available on Argonaut Group's Website through February 2, 2003.

About Argonaut Group, Inc.

Headquartered in San Antonio, Texas, Argonaut Group, Inc. (Nasdaq:AGII) is a national underwriter of specialty insurance products in niche areas of the property & casualty market. Through its operating subsidiaries, Argonaut Group offers high quality customer service in programs tailored to the needs of its customers' business and risk management strategies. Collectively, Colony Insurance, The Rockwood Group, Argonaut Insurance Company, Argonaut Great Central, and Trident Insurance Services underwrite a full line of products in four primary areas: excess and surplus, specialty commercial, specialty workers' compensation, and public entity. Information on Argonaut Group and its subsidiaries is available at www.argonautgroup.com.