Specialty reinsurer Argo Group has announced the election of three new board members at its Annual General Meeting.
Appointments include Bernard C. Bailey, Fred R. Donner and Argo Group Chief Executive Officer Kevin J. Rehnberg.
Five former directors are retiring from the board, including former Board Chairman Gary V. Woods, F. Sedgwick Brown, Hector De Leon, Mural R. Josephson and John R. Power.
Shareholders also approved proposals to reduce the maximum board size from 13 to 11 directors and to declassify the board – voting on the full board annually.
“Today marks several noteworthy milestones for Argo,” said Thomas A. Bradley, Argo Group board chairman.
“We appreciate the support from our shareholders approving meaningful governance enhancements and the election of the board.
“We are also pleased to welcome three new directors to the board who join with a tremendous amount of experience that will serve the company well as we look to the future.
“On behalf of the entire board, I would also like to thank the former directors completing their board tenure.
“The company has grown significantly and evolved into a strong specialty insurer under their direction. We appreciate their leadership, commitment and contributions to positioning this company for future success.”
