Specialty insurance and reinsurance underwriter Argo Group International Holdings has announced the establishment of Argo Construction, a stand-alone underwriting business for the construction sector. Jim Cornwell, senior vice president at Argo Group, will lead the new business unit.
“The construction sector is a $1 trillion industry that is growing rapidly and is projected to be among the fastest-growing business sectors in the United States over the next five to seven years,” said Mark E. Watson III, CEO of Argo Group. “Establishing Argo Construction as a stand-alone business will enable it to evolve more quickly and grow at an accelerated pace. Our construction business continues to prosper as a strong, growing and profitable portfolio exceeding $150 million in premium. The group has demonstrated success, primarily in the northeast, and is ready to expand across the United States.”
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