Argo shakes up management structure

It sees exits and promotions

Argo shakes up management structure

Insurance News

By Terry Gangcuangco

Property & casualty underwriter Argo Group International Holdings, Ltd. has revealed a couple of high-level departures, as well as promotions aimed at simplifying the business.   

In a release, it was noted that chief underwriting officer Tim Carter and international head Matt Harris have left the firm. The Bermuda-headquartered organisation did not provide further details on the exits.

Meanwhile, those promoted are Susan Comparato, Andy Borst, Gary Grose, and Marsh Duncan.

Comparato, who most recently managed a portfolio of Argo’s US business lines, becomes chief administrative officer and will be in charge of overseeing the global business services and innovation teams. Her new remit also spans group communications, group enterprise security, and the transformation team in the US.

Appointed as interim president for international operations, Borst will oversee the businesses in Bermuda, Brazil, and Dubai, as well as Syndicate 1200. His credentials include time spent as chief administrative officer for international operations and of the group.

Grose, as commercial specialty president, will be responsible for alternative risk solutions, Argo Pro, commercial programmes, Rockwood, and surety. Additionally, the former US operations executive vice president will continue to look after producer management for Argo.

New excess & surplus president Marsh Duncan, meanwhile, will be leading casualty, construction, contract P&C, environmental, inland marine, property, and garage.

Argo Group chief executive Kevin Rehnberg commented: “This is the natural next step in our continuing evolution as a leading US-focussed specialty insurer.

“These organisational changes will help continue and even accelerate our progress against our strategic goals. Our recent earnings results demonstrate the good progress we are making, and these appointments will further streamline our structure.”          

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