Argo Provides Information on Independent Board Review of Governance and Compensation Matters

Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argoa?? or the "Companya??) affirms that its independent directors are conducting a review of governance and compensation matters.

The Company also announced that it previously received a subpoena from the U.S. Securities and Exchange Commission (the "SECa??) seeking documents primarily with respect to the Companya??s disclosure of certain compensation-related perquisites. The Company, working with the assistance of outside counsel, is fully cooperating with the SEC and does not believe that the amounts involved are material to the Companya??s financial position or results of operations.

Argo is committed to governance practices that support continued value creation for all shareholders, consistent with the Companya??s August 8, 2019 press release, which disclosed several proposed enhancements to the Companya??s governance and compensation programs, including declassification of the Companya??s board and reduction of board size as part of its ongoing board refreshment process.

ABOUT Argo Group International HOLDINGS, LTD.
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