Argo Group International Holdings, Ltd. will reorganize its U.S. professional lines businesses into a single platform under the Argo Pro brand. The reorganization consolidates three of Argo’s current business units: errors and omissions, U.S. management liability, and Insight Insurance Services. Argo Pro will now provide a broad portfolio of E&O and management liability lines of business on an admitted and surplus lines basis.
Argo Pro’s portfolio of products will now include professional liability insurance coverages on a primary and excess basis for the following: accountants, architects and engineers, cyber/privacy, directors and officers, A side DIC, employment practices, fidelity and crime, fiduciary, insurance agents, lawyers, real estate, and technology/media.
Chief Underwriting Officer Laurie Banez will be responsible for the combined operations and will report to Lou Levinson, president of excess and surplus lines, and Mark Peeters, chief professional liability underwriter. Banez is a 25-year insurance industry veteran who was previously senior vice president and head of management liability for Argo Group. Prior to joining Argo Group, Banez held various senior leadership positions with several professional lines insurance carriers.
Michael Carr will continue to lead Argo Pro’s E&O operations and will report to Banez. Carr joined Argo Group last year bringing 25 years of experience at various professional lines carriers where he specialized in technology and media professional liability.
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