NEW YORK, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Argo Group International Holdings Ltd. (NYSE: ARGO), a company that offers property casualty insurance and reinsurance.
If you invested in ARGO and would like to discuss our investigation or options for affected investors, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On February 8, 2022, after the market closed, ARGO announced it “expects net adverse prior year reserve development to be in the range of $130 million to $140 million for the 2021 fourth quarter.” ARGO further indicated that the “largest reserve increases were related to construction defect claims within ARGO’s U.S. Operations.”
The first trading day following this news, the price of ARGO shares dropped $7.11 per share, over 13%, to close at $44.76 per share on February 9, 2022.
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If you have any questions about this investigation, your rights, or your interests, please contact:
Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: dhall@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
