Argo Group appoints Jessica Snyder as President, U.S. Insurance

Rhea-AI Summary

Argo Group International Holdings, Ltd. (NYSE: ARGO) has appointed Jessica Snyder as president of U.S. insurance, effective immediately. Reporting to Tom Bradley, the executive chairman and CEO, Snyder brings nearly 30 years of experience in the property and casualty insurance industry, previously leading GuideOne Insurance. Her leadership is expected to enhance Argo's growth strategies and fortify its operating model. Argo Group is rated ‘A-’ by S&P and A.M. Best, specializing in specialty insurance products.

Positive

• Jessica Snyder's extensive experience in the property and casualty industry is expected to strengthen Argo's growth strategies.
• Snyder's leadership at GuideOne Insurance resulted in profitable growth and diversified revenue streams.

Negative

• Concerns may arise regarding continuity and the experience gap due to a new leadership role.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance, today announced Jessica Snyder has been appointed to serve as president, U.S. insurance, effective immediately. Snyder will report to Tom Bradley, Argo’s executive chairman and chief executive officer.

“Jessica has extensive executive experience in the property and casualty insurance industry that will serve Argo well as we continue to invest in the U.S. business and accelerate profitable growth,” said Bradley. “She also has a proven track record of leading transformational growth strategies. We are confident she is a strong leader to help drive our U.S. business into the future.”

With almost 30 years of industry experience, Snyder joins Argo from GuideOne Insurance where she most recently served as its president and chief executive officer from 2017 through 2022. During her time at GuideOne, Snyder led the company’s restructuring to a mutual holding company, expanded its niche commercial and excess and surplus insurance product lines, reconfigured its reinsurance program, and strengthened the leadership team and board with experienced executives. Her efforts resulted in the resurgence of GuideOne, delivering profitable growth and diversified revenue streams.

“Argo is a dynamic company with a clear and proven strategic vision for driving results across the specialty insurance industry. I am excited to join the organization as the company continues to focus and fortify its operating model and pursue a profitable growth strategy,” said Snyder.

Prior to GuideOne, Snyder has had a distinguished career, holding multiple leadership positions in the property and casualty industry. She served as senior vice president of commercial and specialty lines at State Auto Insurance. She also served as senior vice president, chief operating officer and chief financial officer at Rockhill Insurance Group, and as chief financial officer at Citizens Property Insurance.

Snyder has a Bachelor of Science in accounting from University of Wisconsin and a Master of Business Administration degree in finance from the University of Florida.

ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

Argo Group International Holdings, Ltd. (NYSE: ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group and its insurance subsidiaries are rated ‛A-’ by Standard & Poor’s. Argo’s insurance subsidiaries are rated ‛A-’ by A.M. Best. More information on Argo and its subsidiaries is available at argogroup.com.

FORWARD-LOOKING STATEMENTS

This press release and any related oral statements may include forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as “expect,” “intend,” “plan,” “believe,” “do not believe,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,” “objective,” “remain optimistic,” “improve,” “progress,” “path toward,” “looking forward,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” and similar expressions of a future or forward-looking nature.

Such statements are subject to certain risks and uncertainties that could cause actual events or results to differ materially. For a more detailed discussion of such risks and uncertainties, see Item 1A, “Risk Factors” in Argo’s Annual Report on Form 10-K and Form 10-K/A for the fiscal year ended December 31, 2021, as supplemented in Argo’s subsequent Quarterly Reports on Form 10-Q, and in other filings with the U.S. Securities and Exchange Commission. The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo that Argo’s objectives will be achieved. Argo undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any such statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220815005644/en/

Investors:

Andrew Hersom

Head of Investor Relations

860-970-5845

andrew.hersom@argogroupus.com

Gregory Charpentier

AVP, Investor Relations and Corporate Finance

978-387-4150

gregory.charpentier@argogroupus.com

Media:

David Snowden

Senior Vice President, Group Communications

210-321-2104

david.snowden@argogroupus.com

Source: Argo Group International Holdings, Ltd.

FAQ

Who is Jessica Snyder in relation to Argo Group?

Jessica Snyder has been appointed as the president of U.S. insurance for Argo Group.

What prior experience does Jessica Snyder bring to Argo Group?

Snyder has nearly 30 years of experience in the insurance industry, previously serving as president and CEO of GuideOne Insurance.

What impact might Jessica Snyder's appointment have on Argo Group?

Her appointment is expected to enhance Argo's growth strategies and operational model.

Who does Jessica Snyder report to at Argo Group?

Snyder reports to Tom Bradley, the executive chairman and CEO.

What is Argo Group's specialty in the insurance market?

Argo Group specializes in underwriting specialty insurance products in the property and casualty market.