Argo’s CEO Mark Watson Steps Down Amid SEC Probe of Compensation

Mark Watson III, center, attends the company's transfer to the NYSE on May 7, 2018. — Mark Watson III, center, attends the company's transfer to the NYSE on May 7, 2018.
Photographer: Michael Nagle/Bloomberg

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By Katherine Chiglinsky

November 5, 2019 at 10:16 PM UTC

This article is for subscribers only.

Argo Group International Holdings Ltd. said Chief Executive Officer Mark Watson stepped down as the insurer faces a regulatory investigation over compensation practices.

Watson, who is retiring immediately, will be replaced on an interim basis by Kevin Rehnberg, according to a statement Tuesday. Watson will continue to work as an adviser and board member until Dec. 30.