Argo Group appoints Carol McFate to Its board of directors

Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance, has appointed Carol McFate to its board of directors.

McFate retired from Xerox Corporation in October 2017, having served as chief investment officer for more than 10 years. During that time, she was responsible for the insourcing, oversight and management of retirement investments for the US, Canada and the UK. Prior to joining Xerox, McFate served in a number of senior finance and investment management roles in the insurance industry over nearly two decades, including senior vice president, Prudential Investment Corp, vice president and treasurer of American International Group, and executive vice president and global treasurer of XL Global Services, the shared services subsidiary of XL Capital.

In June 2019, McFate joined the board of directors of Rent-A-Center, where she serves on the Audit & Risk Committee and the Nomination & Corporate Governance Committee. In July 2019, she joined the board of Verger Capital Management, a registered investment manager, and serves on the Audit & Compliance, Nominating & Governance and Investment committees. Previously, she served on the board of trustees of the Parsons Dance Foundation and The Katharine Hepburn Cultural Arts Center and on the board of directors of CIEBA.

“We’re honoured to welcome Carol to our board,” said Argo Group chairman Gary Woods. “This is a year of renewed opportunity for Argo Group, and strong, independent oversight is crucial to taking full advantage of it. Carol’s impressive background and operational experience in finance and investment management – both in the insurance industry and at Xerox – will be pivotal as we write Argo Group’s next chapter.”

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