Argo appoints AIG exec as chief actuary

Argo Group has appointed Robert (Bob) Katzman as chief actuary, reporting to Jay Bullock, Group chief financial officer.

In this position, Katzman assumes responsibility for guiding the development and execution of the company’s global actuarial function, including pricing, reserving, reinsurance analysis, planning, modelling, research, predictive analytics and digitalisation.

He replaces Argo’s former Chief Actuary, Michael Fusco, who recently announced plans to retire after more than 40 years in the insurance industry.

Katzman joins Argo Group from AIG, where he served as the head of global casualty pricing and analytics. Leading a team of more than 100 actuaries, Katzman was actively involved with AIG’s initiative to transform casualty pricing operations and establish benchmark pricing, including work to incorporate predictive analytics and refine pricing models.

Prior to joining AIG in 2013, Katzman served in several senior roles with Travelers, Crum & Forster and Reliance National Insurance Company.

“Bob has a great depth of actuarial experience with a strong understanding of global risk management trends and best practices,” said Bullock. “He has demonstrated a commitment to quality and leadership throughout his career. We are pleased to have Bob join our organisation.”

He added: “We are grateful for the contributions Mike has made to the organisation and wish him the best in the future.”