1 November 2019Insurance

Argo Group appoints new executive VPs with new reporting structure for Americas

Argo Group International Holdings, an international underwriter of specialty insurance and reinsurance products, has established a new reporting structure led by newly appointed executive vice presidents. They will report to Kevin Rehnberg, president, group chief administrative officer and head of the Americas for Argo.

Rehnberg said: “The new structure focuses on maintaining operational excellence and providing additional senior leadership for Argo’s growing, profitable Americas businesses, all of which continue to improve processes, reduce expenses and put the right people in the right roles, These changes will also help us accelerate the overarching digital transformation of the entire organization by enabling me to focus more time on operations companywide.”

The EVPs and their initial portfolio assignments are as follows: Gary Grose currently serves as Argo group producer management and marketing leader and head of colony specialty. In his sixth year at Argo, Grose has deep industry experience across E&S lines and producer management, with a proven track record focused on profitability and process improvement. In addition to continuing to lead group producer management and marketing, Grose will oversee the following businesses: contract, property, environmental, inland marine, transportation.

Secondly, Tim Carter joins Argo following leadership roles with AIG’s Commercial Insurance segment as president, portfolio solutions and chief underwriting officer. Prior to AIG, Carter held chief underwriting officer roles at Zurich in their North America and Europe divisions. Carter will be responsible for U.S. underwriting as well as: surety, programs – risk Bearing, programs – alternative risk solutions, Trident public risk solutions, Argo construction.

The third EVP, to be announced later this year, will oversee U.S. claims as well as the following portfolio: casualty, Argo Pro, Argo Insurance, Rockwood and cyber.

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8 November 2019   This takes into consideration the sudden departure of Argo’s CEO Mark Watson III
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15 October 2019   Argo has reiterated its decision to conduct a review of governance and compensation matters, run by independent directors, in response to activist investor Voce’s latest criticism of the firm.
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