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Watson’s steady approach at Argo Group
07 February 2012
INTERVIEW: Mark Watson, CEO of Argo, says that his firm is looking to expand, but won’t rush into any decisions.
Mark Watson, CEO of Bermuda-based insurance and reinsurance
firm Argo Group, is a man determined not to get carried
Under his leadership, the firm has gone through a thorough
process of de-risking, pulling away from business lines that
did not promise sufficient rewards and investigating where
those options could be found.
Watson says that he sees opportunities for growth, "first,
through product innovation and, second, through looking at
industries and regions."
In the developed world, he suggests, that is likely to mean an
increasing focus on professional liability, followed by the
energy and technology industries, specifically alternative
energy cover. But Watson’s focus extends beyond
developed western countries.
"When you look at where growth is likely to occur, you
immediately think of Asia, India, Russia, different parts of
Latin America and parts of the Middle East, but we
can’t be everywhere at once," he says.
"Everyone’s thinking about...
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