Bermuda-based specialty re/insurer Argo Group International Holdings has unveiled a new reporting structure led by three newly appointed executive vice presidents. They will report to Kevin Rehnberg, president, group chief administrative officer and head of the Americas for Argo.
Gary Grose, who currently serves as Argo Group producer management and marketing leader and head of Colony Specialty, will now also oversee: contract, property, environmental, inland marine and transportation.
Tim Carter, who joins Argo following leadership roles with AIG’s Commercial Insurance segment, will be responsible for US underwriting as well as: surety, programs – risk bearing, programs – alternative risk solutions, trident public risk solutions and Argo Construction.
The third EVP, to be announced later this year, will oversee US claims as well as the following portfolio: casualty, Argo Pro, Argo Insurance, Rockwood and cyber.
The company said that leadership roles within each business unit have not changed. As markets shift and businesses evolve, Argo also said it will rotate its business units among the three EVPs to expose each to all parts of the US business.
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.”
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.”
Argo, Appointment, Specialty, Reinsurance, Insurance, Gary Grose, Tim Carter, North America