Argo says Bobman nomination would lead to ‘degradation’ of board quality

31 October 2022

X
LinkedIn
Email
Show more sharing options

Argo has said adding Ron Bobman and his other nominee David Michelson to its board would lead to a “degradation in the quality of board dialogue”, with neither bringing “any incremental skills” to the management team.

In a scathing response to the activist investor’s attempts to join the board of the firm, Argo announced that it had interviewed both nominees and concluded that their addition would result in a “loss of superior talent and experience”.

Bobman,...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

Stay Informed: Access exclusive industry insights
Gain a competitive advantage: Hear first about tactical developments
Make better decisions: Understand market dynamics in crucial lines of business

Take a free trial Already a subscriber? Login now

Argo says Bobman nomination would lead to ‘degradation’ of board quality

Argo has said adding Ron Bobman and his other nominee David Michelson to its board would lead to a “degradation in the quality of board dialogue”, with neither bringing “any incremental skills” to the management team.

Uncover exclusive insights tailored for insurance leaders

Topics

Most Recent

LSM COO Maddern to exit after Global Risk Solutions restructure

Inigo boosts pre-tax profits to $144.5mn in 2023 with CoR of 85.5%

Where have all the start-up brokers gone?

Major cyber cat event could be 'brushed off' by industry: Lockton Re

City of Baltimore files suit against Dali owner and manager

Gulf flooding to push up reinsurance costs: Moody’s

Liberty Mutual Re launches parametric earthquake cover

Argo says Bobman nomination would lead to ‘degradation’ of board quality

Argo has said adding Ron Bobman and his other nominee David Michelson to its board would lead to a “degradation in the quality of board dialogue”, with neither bringing “any incremental skills” to the management team.

Login to continue

Uncover exclusive insights tailored for insurance leaders

Topics

LSM COO Maddern to exit after Global Risk Solutions restructure

Inigo boosts pre-tax profits to $144.5mn in 2023 with CoR of 85.5%

Where have all the start-up brokers gone?

Major cyber cat event could be 'brushed off' by industry: Lockton Re

City of Baltimore files suit against Dali owner and manager

Gulf flooding to push up reinsurance costs: Moody’s

Liberty Mutual Re launches parametric earthquake cover