Argo
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CEO Mark Watson said results would also be impacted by $12mn in accident year losses.
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The size of its Harambee Re vehicle remains undisclosed.
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Head of marketing and producer management Gary Grose will act as interim head.
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The regulatory investigation relates to coverage provided under a group insurance policy issued to the NRA.
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Only a handful of carriers in the London market write livestock and bloodstock business.
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The property underwriter joins former Argo colleague Neil Chapman at the firm.
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The Bermuda carrier also broadens the remit of US and Latin America insurance chief Kevin Rehnberg.
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Stephen McGill will lead the platform’s underwriting.
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Paul Lucas reports to Argo group chief actuary Bob Katzman.
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The Insider 50 reached 1,132.6 index points last week as carriers post robust Q3 earnings.
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Professional lines and casualty leader roles also change with the departure of Steve McGill.
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The exit comes as Lloyd’s continues its hard-line stance on profitability during the 2019 business planning approval.
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