Argo Pro Introduces New Professional and Management Liability Insurance Coverage for Investment Advisers and Mutual Funds

JERSEY CITY, N.J.--()--Argo Pro, a member of Argo Group International Holdings, Ltd. (NASDAQ: AGII), an international underwriter of specialty insurance and reinsurance products, today announced that the company has expanded its line of professional and management liability insurance products with a new specialty insurance offering for investment advisers and mutual funds.

Argo Pro’s Asset Management PlaybookSM is now available to help protect investment advisers, wealth management firms, funds and other related financial institutions—up to $15 million in capacity—from potential liability risks associated with the professional services they provide to their clients.

Features of this specialty insurance product include coverage under one policy for investment adviser professional liability, investment adviser management liability, investment fund management liability, employment practices liability and fiduciary liability.

“As the complexity of today’s securities markets continues to intensify, investment advisers are becoming increasingly vulnerable to possible litigation, regulatory scrutiny and a host of emerging liability risks,” said Laurie Banez, senior vice president, chief underwriting officer, Argo Pro. “To keep pace with such exposure, firms can take a proactive approach to managing their risk by protecting their interests with a flexible specialty insurance policy that can be customized to respond to their individual needs.”

For more information about Argo Pro’s Asset Management PlaybookSM, or to process a new submission, contact James P. Scanlon, vice president, financial institutions, Argo Pro, by phone at (732) 623-8972 or via email at jscanlon@argoprous.com.

About Argo Pro

Argo Pro is a leading provider of professional lines insurance products and services that can accommodate medium and large organizations on an admitted and non-admitted basis. Through a single operating platform, and a robust network of appointed wholesale and retail distribution partners, Argo Pro offers a broad, customizable portfolio of errors and omissions, and management liability insurance solutions. Argo Pro maintains offices in Chicago, Jersey City, San Francisco, and Scottsdale. For more information, visit www.argoprous.com.

About Argo Group

Argo Group International Holdings, Ltd. (NASDAQ: AGII) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Through its operating subsidiaries, 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 worldwide insurance subsidiaries are rated ‘A’ (Excellent) by A.M. Best with a stable outlook and its U.S. insurance subsidiaries are rated ‘A-’ (Strong) by Standard & Poor’s with a stable outlook. For more information, visit www.argolimited.com or follow us on LinkedIn (http://ow.ly/Oe6fK) and on Twitter at @Argo_Group.

Contacts

Argo Group International Holdings, Ltd.
Jamie Pachomski, APR, 617-235-6166
Manager, Corporate Communications & PR
jpachoms@argogroupus.com

Release Summary

Argo Pro Introduces New Professional and Management Liability Insurance Coverage for Investment Advisers and Mutual Funds

Contacts

Argo Group International Holdings, Ltd.
Jamie Pachomski, APR, 617-235-6166
Manager, Corporate Communications & PR
jpachoms@argogroupus.com