Bermudian-based insurer and reinsurer Argo has appointed a new chief actuary.

Robert Katzman, who will be based in New York, replaces Michael Fusco, who is retire after more than 40 years in the industry.

Jay Bullock, Argo Group’s chief financial officer, said: “Bob has a great depth of actuarial experience with a strong understanding of global risk management trends and best practices.

“He has demonstrated a commitment to quality and leadership throughout his career.”

He added: “We are grateful for the contributions Mike has made to the organisation and wish him the best in the future.”

Mr Katzman joins Argo from American International Group, where he was head of global casualty pricing and analytics.

In his new role, he will be responsible for the development of Argo’s global actuarial work, including pricing, reserving, reinsurance analysis, planning, modelling, research, predictive analytics and digitalisation.