Argo Group has named Giovanni Tucci as managing director of Ariscom, the Italian insurer it acquired earlier this month. 

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He joins Argo from Italian personal lines insurer Intesa Sanpaolo Assicura, where he was technical director. Prior to this he worked at Axa for 13 years.

The acquisition is part of a European expansion drive at Argo  – particularly in Italy, Spain and Portugal, the carrier said.

This is the latest acquisition for the Bermudian following last year’s takeover of reinsurer Ariel Re.

Harris said Tucci will lead the growth of Argo’s Italian and wider European business.

“His vast insurance experience, leadership capabilities and market knowledge will contribute, along with Argo Group’s cutting-edge digital solutions, to the creation of a market-leading platform,” Harris said.

“We have extensive ambitions for the Italian marketplace, and Giovanni’s appointment takes us a step closer to achieving them.”