Argo reshuffles senior management and begins hunt for a new CFO
Argo Group International Holdings has launched an outside search for a new chief financial officer to succeed Jay Bullock.
Bullock will remain in his post while Argo recruits his successor, and to ensure a smooth transition for a period following the appointment.
Argo has also reshuffled its senior leadership team responsibilities in an effort designed to align the business around a new set of operating principles that enhance efficiency and maximise value creation, according to Kevin Rehnberg, chief executive officer at Argo.
Tim Carter is named chief underwriting officer, responsible for underwriting at the group level, as well as for Argo Surety and Argo Pro.
Matt Harris is head of international operations and continues to lead Argo’s efforts to improve business results in international operations. He is also responsible for Argo’s reinsurance business.
Gary Grose is executive vice president for US operations, and is responsible for Argo Construction, Argo Property, Rockwood, Argo Casualty, Argo Environmental, Argo Marine and Argo Insurance. He also retains oversight of group-wide marketing, communications and producer management.
Susan Comparato is senior vice president of US operations and leads the Argo Programs business, Argo Transportation and Alternative Risk Solutions.
Mark Wade is chief claims officer, taking on an expanded role to incorporate claims across the organisation, both in the US and internationally.
Andy Borst is chief administrative officer and serves in a group-wide role overseeing operations, including responsibility for risk management, IT, digital, innovation and facilities.
Tony Cicio remains as chief human resources officer.
All of these executives report to Rehnberg.
Argo will name a new group-level general counsel role in the fall, with Comparato remaining as US general counsel until the appointment is made. A new internal audit leader will also be appointed later this year who will report to the board’s audit committee.
