Argo appoints Ariel Re CEO as head of reinsurance

Specialty re/insurer Argo Group has appointed Ariel Re chief executive officer (CEO) Ryan Mather to serve as global head of reinsurance, following the recent completion of Ariel Re acquisition.

The Bermudian has closed the transaction on February 6, and will retain the Ariel Re brand as a member of Argo Group.

Mather has been tasked to lead Argo's reinsurance operations, reporting to group's international business head Jose Hernandez.

Argo Group CEO Mark Watson III, said: "Ariel Re and Argo Group are a terrific fit – operationally and culturally. Ryan's leadership and collaboration were key factors in our ability to finalize this agreement and begin implementing the company's integration plan so swiftly. This is reflective of the teamwork and outstanding results we expect to see in the future."

Hernandez added: "This transaction improves the company's ability to manage through changing market cycles,” said Hernandez. It also adds new capabilities that can be leveraged throughout the entire organization, including Ariel Re’s unique modelling and risk analysis tools, which enhance Argo's already robust underwriting analytics.

"Under Ryan's leadership, Ariel Re and Argo Re have combined to become a market-leading business and will make a meaningful and immediate contribution to earnings and return on equity."

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