Exhibit 99.1
Argo Group announces Susan Comparato as chief administrative
officer and other key leadership roles
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| | • Appointments support strategic goals outlined for investors | | |
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| | • Streamlines management structure and reduces expense | | |
HAMILTON, BERMUDA – August 12, 2021 – Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance, today announced several notable leadership appointments with a focus on simplifying the organization.
“This is the natural next step in our continuing evolution as a leading U.S.-focused specialty insurer,” said Argo Group CEO Kevin Rehnberg. “These organizational 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.”
The company announced the following promotions today:
| | • | | Susan Comparato, chief administrative officer – In this role, Comparato will oversee the global business services and innovation teams; the U.S. transformation team, which is focused on aligning the business with a significant technology program of work; group communications; and group enterprise security. Comparato has formerly served as Argo’s U.S. general counsel and most recently managed a portfolio of Argo’s U.S. business lines. |
| | • | | Andy Borst, interim president, International Operations – Borst will oversee the following businesses: Syndicate 1200, Bermuda, Brazil and Dubai. Borst has a broad background working in many areas of the Argo business, including his time in London as chief administrative officer for International Operations prior to his promotion to chief administrative officer for the Group. |
| | • | | Gary Grose, president, Commercial Specialty – In this role, Grose will oversee the following businesses: Alternative Risk Solutions, Argo Pro, Commercial Programs, Rockwood and Surety. Grose formerly served as executive vice president of U.S. Operations. Grose will also continue to oversee producer management for the company. |
| | • | | Marsh Duncan, president, Excess & Surplus – In this role, Duncan will oversee the following businesses: Casualty, Construction, Contract P&C, Environmental, Inland Marine, Property and Garage. Duncan has held numerous roles at Argo, most recently overseeing a smaller portfolio of Argo businesses. |
The company also announced that Tim Carter, Argo’s former chief underwriting officer, and Matt Harris, former head of international, have left the company.
ABOUT ARGO GROUP INTERNATIONAL HOLDINGS LTD.
Argo Group International Holdings, Ltd. (“Argo”) (NYSE: ARGO), is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo and its insurance subsidiaries are rated “A-” by Standard & Poor’s. Argo’s insurance subsidiaries are rated “A-” by AM Best. More information on Argo and its subsidiaries is available at argogroup.com.
