Argo to switch share listing to NYSE
Bermudian insurer and reinsurer Argo Group International Holdings Ltd is to transfer its share listing to the New York Stock Exchange from the Nasdaq Global Select Market.
The listing of Argo Group’s 6.5 per cent senior notes will follow suit, the company said.
“We are confident that by joining one of the world’s most prestigious trading platforms, we can reach a broader base of global investors and build even greater shareholder value,” Mark Watson, CEO of Argo Group, said.
“This year we celebrate our 70th anniversary as a company and now our listing on the NYSE — both are notable milestones as we continue to grow and evolve as a leading specialty underwriter.”
John Tuttle, head of global listings at the NYSE, said: “We are honoured that Argo Group has chosen to transfer its listings to the New York Stock Exchange to join our community of innovative global companies.”
The transfers to the NYSE are expected to be effective May 7, 2018. At that time, Argo will change its stock ticker symbol from “AGII” to “ARGO”, and Argo Group US will change the ticker symbol for its 6.5 senior notes due 2042 from “AGII. L” to “ARGD”.