Industry veteran Greg Chilson is to serve as president of Argo Surety, Bermudian-based Argo Group International Holdings Ltd has announced.

Mr Chilson, who has been a strategic adviser to the business since May, assumes the top post on September 1.

“Greg joins the company with a tremendous amount of industry experience as we look to build on Argo Surety’s track record as a very profitable, growth-oriented business,” said Argo’s president of US Insurance, Jessica Snyder.

“Over the past few months, Greg has assisted us as we worked to implement our strategy to evolve the business, including the evaluation of Argo’s in-force portfolio, reviewing underwriting guidelines and providing guidance on organisational design.

“He was very much involved in building this leadership team. The quality of the team and the positive momentum we are seeing in this business is a testament to Greg’s leadership and promising future potential for Argo Surety.”

The announcement follows the appointment of Rod Williams as head of contract surety and Paul Drakontaidis as the head of commercial surety announced this month.

Mr Chilson will report to Ms Snyder, with Mr Williams and Mr Drakontaidis reporting to him.

He joins Argo from RLI Insurance Company, where he led the surety business and held various roles during his 27-year tenure.