Argo cements new leadership array; CEO not expected to return after medical leave
Specialty P&C insurance group Argo will fuse top leadership roles after an interim solution it had crafted to handle the sudden absence of its CEO Kevin Rehnberg proved both viable and necessary for the longer haul.
Board chairman Thomas Bradley (pictured) will continue on as CEO after having stepped in for the interim leadership post upon the sudden March 2022 departure of Kevin Rehnberg for health reasons. Rehnberg will not be returning to the post; Argo provided no update on his medical condition but his departure had been called “temporary” at the time. Rehnberg had climbed the ladder at Argo ahead of a 2019 appointment as CEO.
Bradley will fuse his leadership roles, staying on as board chairman. Bradley has been on the Argo board for nearly four years following an already extensive career in financial posts, including the insurance sector. He has previously served as CFO of Allied World Assurance, Fair Isaac Corporation and the St. Paul Companies. He has held senior posts at Zurich Insurance Group and currently sits on the board at Horace Mann.
Bradley commented: “During his time at Argo, Kevin made tremendous progress in transforming the US business, laying the groundwork for improvements in the international business and streamlining operations to drive efficiency. We would like to sincerely thank Kevin for his service to Argo, congratulate him on a very accomplished career, and wish him the best in the future. It is a privilege to serve as executive chairman and CEO working with a highly engaged board of directors and an outstanding group of employees across the company. We will continue to implement our strategy with a focus on shareholders, customers and employees.”
Argo's lead independent board member Bernard Bailey added: “We are grateful to Tom for his leadership in Kevin’s absence and are pleased he will continue in the role going forward. Tom’s vast industry knowledge and strategic focus will serve the company well as we work to chart the optimal course for Argo's future.”
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