Argo Files Definitive Proxy and Sends Letter to Shareholders

The Argo Group International Holdings, Ltd. (NYSE: ARGO), an
international underwriter of specialty insurance and reinsurance, today
filed definitive proxy materials with the Securities and Exchange
Commission in connection with Argo's Annual Meeting of Shareholders,
which is scheduled to be held on May 24, 2019. Argo shareholders of
record as of the close of business on March 11, 2019 will be entitled to
vote at the Annual Meeting.

In conjunction with the definitive proxy filing, Argo is mailing the
following letter from the independent directors of Argoa??s Board of
Directors to Argoa??s shareholders:


Dear Fellow Shareholders,

At Argoa??s Annual General Meeting of Shareholders on May 24, 2019, you
will be asked to make an important decision regarding the future of your
investment. As you may know, Voce Capital has accumulated a position in
our Company over the past few months and launched a proxy contest
against Argo to push its short-term agenda. Similar to other activist
campaigns initiated by Voce Capital, the firma??s principal, J. Daniel
Plants, has put forward a series of poorly researched claims with little
regard for the truth. In spite of these tactics, our Board has made
efforts to engage directly with Mr. Plants as well as Voce Capitala??s
director nominees, only to have Voce Capital cancel or refuse our
requests for meetings.

We have always encouraged shareholder engagement, and now we need your
support to prevent the short-term interests of an activist hedge fund
from disrupting the steady growth and superior shareholder returns you
have come to expect. The Argo Board and management team have a proven
track record of delivering value. The leadership and high standard of
accountability exercised by your Board over time and its commitment to
maintain a cohesive corporate strategy and management team have been
core strengths of your Company. These dynamics have played key roles in
driving superior shareholder returns over time.
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