The board of Heritage Managing Agency Ltd, a member of Argo Group International Holdings, Ltd. (NasdaqGS: AGII), today announced the appointment of Andrew Carrier as its director of underwriting. Carrier, who is president of Argo Re, will continue in his current role with Argo Group's Bermuda-based reinsurance unit while directing underwriting for Heritage. Heritage also announced the departure of James Sardeson as the director of underwriting, effectively immediately. "Andrew has done a magnificent job with Argo Re in its first full year of operation, having established a first class management team of underwriters and generating a considerable book of business," said Mark E. Watson III, president and CEO of Argo Group. "We have seen tremendous success from Andrew's experience and approach to underwriting. His additional role with Heritage is to help propel that business and leverage the international platform that Argo Group now has in place." Prior to joining Argo Group in 2007, Mr. Carrier was with Kiln for 23 years. He was the active underwriter for the Kiln Group's Catastrophe Syndicate 557 at Lloyd's, one of the market's most profitable and highly regarded syndicates. He is a widely respected member of the international insurance sector and was chairman of Lloyd's International Reinsurance Committee. He was a member of the Underwriting Advisory Committee at Lloyd's. ABOUT HERITAGE MANAGING AGENCY LTD, MEMBER OF ARGO GROUP Heritage is an established, specialist insurer that underwrites through Lloyd's of London.
Created: May 27, 2009 11:00 AM