Xactium is pleased to announce Argo Group has chosen Xactium’s risk and audit management solutions to be implemented across its group wide operations. The decision to manage its internal systems and processes with an enterprise risk management and audit solution has been jointly driven by Alex Hindson, Chief Risk Officer and Michael Raimondi, Head of Audit, both of Argo Group.
Andy Evans, Managing Director of Xactium said “we are excited to be working with Argo Group, who have a fantastic reputation within the insurance and reinsurance markets. This is yet more evidence of Xactium’s growth in the financial services and underwriting sector, and the compelling nature of our next generation approach to risk solutions and risk management”
Argo Group is an international underwriter of specialty insurance and reinsurance products in areas of the property and casualty market. Based in Bermuda, Argo Group maintains offices throughout the U.S. and in key insurance centres, including Brazil, London (Through Syndicate 1200 at Lloyd’s of London), Europe, Dubai, Brazil, Singapore and the UAE.
Alex Hindson, Chief Risk Officer of Argo Group said “'We are delighted to be working with Xactium to implement our ERM solution. This is a key element of our ERM strategy. An important feature for us in selecting Xactium was ensuring we could capture unique risk profiles within our global operations whilst providing a holistic view of risks and controls across Internal Audit and Risk Management.'
Argo Group's insurance subsidiaries are A. M. Best-rated 'A' (Excellent) with a stable outlook, and Argo's U.S. insurance subsidiaries are Standard and Poor's-rated 'A-' (Strong).
Xactium is a cloud based Risk Management software vendor that is changing the way that regulated organisations regard and manage their risk. Our flexible and collaborative platform ensures that organisations such the FCA, Direct Line Group, JLT and Homeserve can stay up to date and respond rapidly to both business and regulatory change.
Our advanced reporting capability provides a centralised, real-time view of all your risks, controls, actions and incidents. Flexible analytics and workflow tools enable timely and accurate information for decision making and rapid response to escalating issues and risks.