Spencer and Argo Group Partner to Create Inaugural Diversity Scholarship

 
 
 

Spencer and Argo Group Partner to Create Inaugural Diversity Scholarship
The Argo Group Diversity Scholarship aims to promote diversity in the RMI industry

October 27, 2020 (New York, NY): The Spencer Educational Foundation has partnered with Argo Group to create its first-ever Diversity Scholarship. The Argo Group Diversity Scholarship aims to promote diversity through a merit-based scholarship to be awarded to a student whose racial/ethnic identity has been traditionally underrepresented in the Risk Management and Insurance professions.

“We’re proud to partner with the Spencer Educational Foundation to help create their first-ever diversity scholarship, but really this is just the start. We hope this small effort encourages more organizations to get involved and develop into a more mature program over the next few years,” said Kevin Rehnberg, Chief Executive Officer, Argo Group.

The Argo Group Diversity Scholarship is a two-year scholarship that will be awarded to a student for the 2021/2022 and 2022/2023 academic years in the amount of $10,000 ($5,000 per academic year). The student awarded this scholarship will be entering their Junior year of undergraduate studies at the University of Illinois at Urbana-Champaign. The selected recipient will also be invited to participate in a mentorship and summer internship program offered by Argo Group.

“The work Spencer does in the Diversity, Equity & Inclusion (DE&I) arena to further access the risk management and insurance industry for diverse students is even more critical than ever. We are so pleased to have leading employers like Argo Group partnering with us to further these efforts,” said Marya Propis, SVP, Distribution & Broker Partnerships at RT Specialty and Spencer Board Chair.

As Spencer stays committed to supporting diversity and inclusion in our industry, The Argo Group Diversity Scholarship is an exciting addition to our scholarship program. Spencer awards Undergraduate, Graduate, and PhD scholarships to students seeking a career in risk management and insurance with Undergraduate Scholarships ranging from $5,000 to $10,000. To date, Spencer has awarded over 1,100 scholarships totaling more than $8 million. To learn more about our Spencer Scholarships, visit www.spencered.org/scholarships.

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About Spencer Educational Foundation
The Spencer Educational Foundation is a 501(c)(3) nonprofit organization funding the education of tomorrow’s risk management and insurance leaders through scholarships, grants, internship opportunities, on and off campus experiential learning, and support of risk management/insurance curricula. Since Spencer was founded in 1979, they have awarded over $8 million in scholarships and $5 million in grants to universities and professional institutions affecting more than 60,000 students through our programs. For more information, please visit www.spencered.org.

About Argo Group
Argo Group International Holdings Ltd. (NYSE: ARGO) is an underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group and its insurance subsidiaries are rated ‛A-’ by Standard and Poor’s. Argo’s insurance subsidiaries are rated ‛A-’ by A.M. Best. More information on Argo and its subsidiaries is available at www.argogroup.com.

 
Spencer Ed