Argo CEO steps aside to take leave of absence

Bermuda-based re/insurer  Argo Group International Holdings’ chairman Thomas Bradley will step in as acting chief executive officer (CEO) of the company as Kevin Rehnberg (pictured) is taking a temporary medical leave of absence.

The company revealed in a US Securities and Exchange Commission filing on Wednesday (March 2) that its CEO Rehnberg would be temporarily unable to perform his duties for health reasons.

Bradley, who has served on Argo’s board of directors since 2018, including as chairman since 2020, will assume Rehnberg’s authority, duties and responsibilities as CEO during this period.

“We all wish Kevin the best as he focuses on restoring his health,” Bradley said in a statement. “He has made great progress toward transforming Argo Group over the past few years. The board of directors has absolute confidence in the strong leadership team Kevin has assembled and is impressed by the continued commitment among all employees across the company.”

Rehnberg became CEO of the Bermudian-based specialty P&C underwriter at the end of 2019, following investigation into its compensation practices. He replaced Mark Watson in the role.

Rehnberg’s previous roles at the company included president, Argo Group US, head of the Americas and chief administrative officer. Before joining the company, Rehnberg served as executive vice president for specialty lines at OneBeacon Insurance, where he oversaw specialty underwriting operations and acquired and built new lines of specialty business.

The group does not expect Rehnberg’s leave to impact the filing of its Annual Report for the year ended December 31, 2021.

“I’ve had the privilege of working closely with the executive team and do not expect any disruption to our daily course of business,” Bradley concluded.

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