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The reinsurer will disband its life capital unit, making digital platform iptiQ standalone, as the unit's chief moves to the CUO role.
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The firm's Bermuda head of Global ReSpecialty had worked at Aon since 2006.
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Henry Kingham and Daina Casling have joined the partnership of the Elliott-backed Bermudian ILS manager.
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Current spreads should persist in the short-to-mid term but are not a new normal, the Fermat Capital leader argued.
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The incoming chairman said he did not want to get "distracted" by expanding into a broader reinsurance or London platform right now.
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The execs are set to leave the firm after a combined 26 years at Argo and its predecessor companies.
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Jeremy Lee had been at Aon and Benfield for over 22 years.
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Theresa Froelich takes up the role following a restructure of senior leadership at the company.
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The promotion was expected after Lixin Zeng resigned late last year.
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The broker has worked for the firm and predecessor component Benfield for 17 years.