Alteris Partners with Tangram Insurance Services to Offer Commercial Janitorial Program in Four Western U.S. States

BOSTON--(BUSINESS WIRE)-- Alteris Inc., a services-oriented, complete solutions provider for the managing general agency community, announced today it will begin offering a commercial janitorial package program in partnership with California-based specialty insurance program administrator Tangram Insurance Services. Alteris’ commercial programs division, headed by VP Jackie Bourret, will provide program management oversight for the janitorial services program.

Tangram has provided property and casualty insurance products for its janitorial program in California since 2006 and opted to select Alteris for its program specialty focus and capability to expand marketing efforts to Arizona, Nevada and Oregon initially, and later to commercial building service industry providers.

The newest member of Argo Group International Holdings, Ltd. (NasdaqGS: AGII), Alteris was recently formed to capture a greater share of the market by offering managing general agencies and carriers with access to a broad array of exclusive risk solutions for specialty programs and alternative risks nationwide.

“Partnering with Tangram gives us an opportunity to add a new class of business to our portfolio,” said Hilbert “Van” Schenck II, president of Alteris. “We also gain a trusted, experienced and well-respected business partner with a strong broker network serving businesses in the Western U.S. We look forward to working with Tangram to expand its commercial janitorial and building facility management business nationwide.”

“With Alteris as our business partner, I look forward to expanding Tangram both geographically and through additional classes of business,” added Tangram’s SVP Rekha Skantharaja.“With its program-centric business philosophy, discipline and strength, as well as the backing of its parent company, Argo Group U.S., we’re able to offer Tangram’s program on a broader scale to our broker network.”

Tangram’s janitorial program will be administered from its Petaluma, Calif., headquarters. Its portfolio of coverages, which will be issued by Argonaut Insurance Company, includes general liability, property, inland marine, auto, crime, and excess/umbrella. Innovative & built-in coverage details can be found at www.tangramins.com.

ABOUT ALTERIS

Alteris Inc., a member of Argo Group International Holdings, Ltd. (NasdaqGS: AGII), provides services-oriented, complete solutions, operating through four business divisions: Trident Insurance Services, Alteris Public Risk Solutions, Alteris Alternative Risk Solutions, and Alteris Commercial Programs. Alteris offers managing general agencies and carriers access to a broad array of exclusive risk solutions for specialty programs and alternative risks including program placement, risk bearing solutions, capital support, strategic alliances, policy systems solutions, claims services, and reinsurance solutions. Information on Alteris is available at www.alterisus.com.

ABOUT TANGRAM

Tangram Insurance Services is a full service managing general underwriter specializing in workers’ compensation for non-profit entities and general liability for artisan contractors. Tangram has extensive experience developing and implementing captive, rent-a-captive, and self-insured programs for groups, brokers and single entity risks. Information on Tangram is available at www.tangramins.com.

FORWARD-LOOKING STATEMENTS

This press release contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are qualified by the inherent risks and uncertainties surrounding future expectations generally and also may differ materially from actual future experience involving any one or more of such statements. For a more detailed discussion of such risks and uncertainties, see Argo Group's filings with the SEC. The inclusion of a forward-looking statement herein should not be regarded as a representation by Argo Group that Argo Group's objectives will be achieved. Argo Group undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

Alteris Inc.
Public Relations Contact:
Donna Legendre, 210-321-8432
or
Investor Relations Contact:
Michael Russell, 210-321-8524

Source: Alteris Inc.