Argo Group International Holdings, Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products, today announced its establishment of 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.
“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,” Rehnberg said. “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
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
- Cyber
Leadership roles within each business unit have not changed.
As markets shift and businesses evolve, Argo will rotate its business units among the three EVPs to expose each to all parts of the U.S. business.
Rehnberg added that creating the three new EVP positions helps build on the company’s leadership succession plan and creates stronger career paths within Argo. “The EVP level creates a talent pool for filling senior executive positions in the future,” Rehnberg explained, “and promotion opportunities for business unit-level leaders.”
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
Argo Group International Holdings, Ltd. (NYSE: ARGO) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group’s insurance subsidiaries are A. M. Best-rated ‘A’ (Excellent) (third highest rating out of 16 rating classifications) with a stable outlook, and Argo Group’s U.S. insurance subsidiaries are Standard and Poor’s-rated ‘A-‘ (Strong) with a stable outlook. More information on Argo Group and its subsidiaries is available at www.argolimited.com.