Argo Group International Holdings has appointed Kevin Rehnberg to the role of chief executive officer, with immediate effect. Thomas Bradley was also named as the new chairman of the board of directors once the current chairman, Gary Woods, steps down, at the end of his term, following Argo’s annual general meeting.
Rehnberg, who has served as interim chief executive officer since November 2019, and been with Argo for seven years, will also stand for election to the board at the forthcoming AGM on April 16.
Rehnberg was appointed to serve as chief administrative officer and the head of the Americas business in January 2019. From March 2013 to January 2019, he was president of Argo’s US operations.
Before joining Argo he served as executive vice president for specialty lines at OneBeacon Insurance, where he oversaw specialty underwriting operations and acquired and built new lines of specialty business.
Bradley became a director for Argo Group in 2018, having retired from Allied World Assurance Company Holdings in 2017, where he had served as chief financial officer and executive vice president since 2012.
Woods cited Bradley’s “strategic vision for the business and intense focus on the highest standards of corporate governance” as assets that would benefit all Argo’s stakeholders.
Woods joined Argo’s board in 2000 and has served as chairman since 2001. In that time, Bradley noted, Argo “has expanded from a very small regional insurer generating approximately $300 million in gross written premium to a strong specialty insurer exceeding $3 billion in annual gross written premium.”
Bradley predicted Argo is “poised for prosperity in the specialty insurance marketplace.”
Meanwhile, Argo also announced it was paying a quarterly cash dividend of $0.31 per share on its common stock. The cash dividend will be paid on March 16 to shareholders of record on March 2.
Argo, Kevin Rehnberg, Thomas Bradley, Gary Woods