LONDON — ArgoGlobal, the Lloyd’s insurer and member of Argo Group International Holdings, Ltd. announced a sponsorship with FIA Formula E World Championship contenders Faraday Future Dragon Racing.
The alliance positions ArgoGlobal as an official partner of the team, with ArgoGlobal branding featured on Faraday Future Dragon Racing cars and team clothing at championship events throughout the season.
Argo Group Chief Executive Officer Mark E. Watson III comments: “Our shared values of innovation, teamwork, courage and commitment make Formula E and ArgoGlobal an ideal match. We are delighted to work in partnership with Faraday Future Dragon Racing to promote sustainable innovation to a global audience. The team’s ethos mirrors our own, and we are excited about the opportunities that this collaboration will bring for both parties.”
In July 2016, California technology business Faraday Future announced it would become the title sponsor and forge a technology partnership alliance with Dragon Racing. Faraday Future Dragon Racing, a founding member of the FIA Formula E World Championship series, is one of ten teams competing.
Faraday Future Dragon Racing Team Owner and Team Principal Jay Penske commented: “It is an honor to partner with ArgoGlobal and to provide them with a growing global platform for their brand. The team and its partners are focused on driving cutting-edge innovation and efficiency in the EV market, and we welcome like-minded organizations who actively support these objectives.”