Filed Under:Markets, Personal Lines

Argo E&S Restructuring Opens Internal Career Paths, Greater Broker Access

When Louis Levinson of Argo Group described a recent restructuring of the company's U.S. E&S units to NU late last year, he began with a simple comparison of two organizational charts.

The president of Argo's E&S operations traced the changes by pointing to particular specialty insurance lines, and then to names of individual division leaders, that would move from boxes under the Colony Insurance and Argo Specialty branches on one flowchart to different spots on a new Colony Specialty map.

But some of the most relevant changes, he suggested, were not entirely evident from a simple side-by-side analysis of the two diagrams, as he supplemented the review of the graphic depiction with a discussion of key benefits for employees and brokers. Two such benefits, he said, will be stopping an exodus of talented employees to competitors and eliminating obstacles for broker partners.

In addition, he said the restructuring involved the reassignments of some executives to different roles--roles that "play to their strengths."

"That was the most difficult part of this whole thing"--and potentially the most beneficial, Mr. Levinson said. "Revisiting the org chart wasn't that difficult. Figuring out who could really help us move and what their roles needed to be was challenging."

NEXT STOP: PERSONAL LINES?

During the NU interview, Mr. Levinson described a possible future foray into personal lines as "aspirational," noting that if and when the segment is added, Mr. Fleischer would lead the division as chief underwriter along with the rest of the Colony Specialty book.

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