Argo Group, a Bermuda-based insurance company, announced it has reached an agreement with activist fund Voce Capital Management to make changes to the composition of Argo’s board of directors.
Under the agreement reached, Carol McFate will join the board, “subject to regulatory approval and completion of customary, confirmatory due diligence.” She will fill the seat of former CEO and director Mark Watson and will join the board’s nominating and corporate governance committee and an additional committee as selected by the board.
