Bermuda domiciled Argo Group International Holdings, Ltd. has nominated Dr. Bernard C. Bailey and Fred R. Donner to stand for election to the firm’s Board of Directors at Argo’s annual shareholder meeting on April 16th, 2020.
Both Argo and Voce Capital Management jointly agreed upon the nominations as part of the pair’s cooperation agreement, and the nominations follow the recent appointment of Carol McFate to Argo’s Board earlier this month.
Thomas A. Bradley, Argo Group Board Chairman-elect, commented: “Through ongoing consultation with Voce, as well as other shareholders, we are making meaningful progress in our efforts to refresh, enhance and strengthen Argo’s board of directors.
“Bernard and Fred bring to the board a great wealth of complementary experience in the insurance industry, finance and corporate governance domains. We look forward to welcoming them to the board and are confident they will provide valuable perspective as we continue to position the company for future success.”
Dr. Bailey serves as the President of private consulting firm Paraquis Solutions, and prior to this, was President of the Committee for Economic Development. He has previously served as CEO of Authentix, as President and CEO of Viisage Technology, and also as COO of Art Technology Group.
Donner serves as a Senior Managing Director in the global insurance practice of FTI Consulting, after retiring from Travelers in 2017 where he held the roles of EVP of enterprise risk management and CFO of the firm’s business insurance and international insurance segments. He has previously served as CFO for personal lines insurance at Travelers, and EVP and CFO of global reinsurer RenRe.
J. Daniel Plants, Founder and Chief Investment Officer (CIO) of Voce, said: “We wish to thank the Argo Board – and particularly Chairman-elect Tom Bradley and CEO Kevin Rehnberg – for their open and constructive approach throughout this process.
“As Argo’s fourth-largest shareholder, we strongly believe in its potential and the nomination of these two excellent director candidates represents another positive step forward for the company. Our focus remains on creating value for all Argo shareholders, and we will continue to collaborate closely with the company’s new board and executive leadership in this pursuit.”
