Argo Enters Into Board Refreshment Agreement With Voce Capital

Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "Company"), an international underwriter of specialty insurance and reinsurance products in the property and casualty market, today

Benzinga · 01/02/2020 13:34

Argo Group International Holdings, Ltd. (NYSE:ARGO) ("Argo" or the "Company"), an international underwriter of specialty insurance and reinsurance products in the property and casualty market, today announced that it has entered into a cooperation agreement with Voce Capital Management LLC ("Voce") to effect changes to the composition of Argo's Board of Directors ("the Board").

Pursuant to the agreement and the Company's ongoing process of Board refreshment, Carol A. McFate will join the Company's Board of Directors, subject to regulatory approval and completion of customary, confirmatory due diligence. McFate will fill the seat of former CEO and director Mark Watson. She will join the Board's Nominating and Corporate Governance Committee and an additional committee as selected by the Board.