Chief Financial Officer Robert P. Myron Leaving Argo Group.HAMILTON Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Bermuda Bermuda (bûrmy  `də), British dependency (2005 est. pop. 65,400), 21 sq mi (53 sq km), comprising some 150 coral rocks, islets, and islands (of which some 20 are inhabited), in the -- Argo Argo (är`gō), in Greek mythology, ship in which Jason and the Argonauts sailed in quest of the Golden Fleece. Most legends say that Argus, son of Phrixus, was the builder, with the help of Athena. Group International Holdings, Ltd.
(NasdaqGS:AGII), an international underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. of specialty insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. products in niche areas of the property and casualty market, announced today that Chief Financial Officer Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. P. Myron has decided to leave the Company to pursue another business opportunity. Mr. Myron was previously with PXRE Group Ltd. until its merger with Argonaut Group in August of this year. At PXRE, he served in a variety of capacities, including chief financial officer of PXRE Group and, prior to that, treasurer of PXRE Group. His last day with Argo Group will be Friday, Oct. 26, 2007. "Bob played a key role in ensuring the merger between Argonaut Group and PXRE Group proceeded smoothly and efficiently," said Argo Group President and Chief Executive Officer Mark E. Watson III. "His knowledge of and experience with the Bermuda insurance market as well as his professional expertise were invaluable during this process. We are grateful for all he contributed and wish Bob and his family well as he embarks upon a new chapter in his professional development." Argo Group also announced Mark W. Haushill has accepted an appointment to serve as the Interim Chief Financial Officer of Argo Group while the Company conducts a search to fill the position on a permanent basis. The Company expects to complete its search in the fourth quarter. "Mark Haushill has served as the chief financial officer of Argonaut Group since 2001 and has a thorough understanding of all of our businesses, including the International Specialty segment," added Mr. Watson. "His willingness to accept the role of interim chief financial officer of Argo Group assures that we will have a seamless transition of Mr. Myron's responsibilities." ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD. Headquartered in Bermuda, 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 high-quality products and services designed to meet the unique coverage and claims handling needs of businesses in three primary segments: Excess and Surplus Lines, Select Markets, and International Specialty. Information on Argo Group and its subsidiaries is available at www.argolimited.com. FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . Such statements are qualified by the inherent risks and uncertainties surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. future expectations generally and also may materially differ 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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