Argo Group International Holdings Ltd is reorganizing its executive structure in the Americas, made possible by the appointment of three new executive vice presidents.
Each will report to Kevin Rehnberg, president, group chief administrative officer and head of the Americas for Argo, according to the Bermuda-based insurer and reinsurer.
Rehnberg said in prepared remarks that the changes will add senior leadership for its “growing, profitable Americas businesses, all of which continue to improve processes, reduce expenses and put the right people in the right roles.” In addition, the changes are intended to help the company quicken its digital transformation strategy, he added.
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 excess & surplus 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:
- Inland Marine
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 Insurance in its North America and Europe divisions. Carter will be responsible for U.S. underwriting as well as:
- 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 portfolios:
- Argo Pro
- Argo Insurance
Leadership roles within each business unit have not changed, Argo affirmed.
As markets shift and businesses evolve, Argo said it will rotate its business units among the three EVPs to expose each to all parts of the U.S. business.
Creating the three new EVP positions also helps build on the company’s leadership succession plan and creates stronger career paths within Argo, said Rehnberg. “The EVP level creates a talent pool for filling senior executive positions in the future and promotion opportunities for business unit-level leaders.”
Source: Argo Group International Holdings Ltd.
*A version of this story ran previously in our sister publication Insurance Journal.