Argo Group International Holdings announced the retirement of Mark E. Watson lll as chief executive officer. President of Argo Group US Kevin J. Rehnberg has been named interim CEO, both effective immediately.

Watson will continue to serve as a member of the Board and as an advisor to the Company until December 30, 2019 to ensure a smooth transition. 

On behalf of Argo’s Board of Directors, chairman Gary V. Woods said: “The Board thanks Mark for his 20 years of service and his leadership in building the business and wishes him well in his next endeavour.”

Watson, said: “It has been a great honor to build and lead this great company, and I look forward to its continued success under Kevin Rehnberg’s leadership.”

Woods added: “Argo’s Board of Directors has complete confidence in Kevin’s ability to lead the Company. Kevin’s extensive leadership experience, including his strong track record running our Americas business, will ensure a smooth transition and position the Company for continued growth and performance.

Rehnberg said: “It is an honor to take on the interim CEO role and along with Argo’s talented leadership team, I’m proud to serve our clients and distribution partners. Argo is well positioned to continue delivering strong results for shareholders through profitable underwriting, long-standing relationships with distribution partners, operational excellence and disciplined capital management. We have also demonstrated the ability to unlock significant efficiencies and enhance customer service through technology and innovation. I will remain focused on these operating strategies.”