Operations/tech
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The platform will automate a range of processes across risk submission, risk appetite evaluation, underwriting and pricing for quotation, using a lead algorithm. -
The carrier is urging shareholders to appoint all seven of its nominees to the board in an annual meeting next month, amid activist investor pressure.
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In addition, the executive will be eligible to participate in the company's long-term incentive program with a target grant date value of $11.1mn.
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The move comes after Antares Syndicate 1274 secured a 16% stamp capacity increase for 2023.
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The Bermudian claimed Ron Bobman and David Michelson’s directorship would ‘diminish’ the board’s capabilities and expertise.
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The follow-only syndicate is one of the fastest growing entities in the market’s history.
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In an interview, the CEO also addressed the carrier’s international expansion and portfolio remediation.
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The latest Gallagher Re InsurTech study shows that, beyond the biggest funding rounds in Q3, investment fell to its lowest level since early 2020.
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Argo is set to hold its annual meeting with shareholders on December 15, when seven nominees will be elected to the board.
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The Chartered Insurance Institute has confirmed that data including names, addresses and dates of birth were obtained in the cyber security incident.
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The entrepreneur will help shape and execute the strategic direction for the algorithmic underwriting specialist.
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Anthony Siggers previously held a number of senior positions at WTW, including global head of broking operations, technology and analytics.
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