Specialty insurance coverage underwriter Argo Group Worldwide has named Chris Donahue as its new CEO, succeeding Jessica Buss, who has led the corporate since November 2023.
Donahue, who moved to Argo as its chief monetary officer (CFO) in November 2023, will now get replaced on this position by David Chan.
Chan has been with Argo since 2022, holding the position of chief accounting officer.
Earlier, he labored in senior positions at AmTrust Monetary Companies, Moody’s Investor Companies and PwC.
Argo board of administrators chair Jonathan Bayer stated: “Chris has been integral to the transformation of Argo right into a US-focused specialty property & casualty firm. Argo has a targeted technique for its merchandise and companions and is nicely positioned for future progress as Chris and the manager workforce proceed to steer Argo.
“We significantly admire Jessica’s management by means of Argo’s transformation and her many worthwhile contributions. We want her all one of the best in her subsequent pursuit.”
In 2023, Argo Group was taken over by Brookfield Reinsurance in a deal valued at roughly $1.1bn.
Underneath the settlement, Brookfield purchased all issued and excellent Argo frequent shares at $30 apiece.
Upon the acquisition, Argo’s frequent shares have ceased buying and selling on the New York Inventory Change.
The corporate, now working as a Brookfield subsidiary, is headquartered in Hamilton, Bermuda.
It specialises in underwriting insurance coverage options for the property and casualty trade, providing services and products that meet the particular protection and claims-handling necessities of companies.
“Argo Group appoints new CEO and CFO ” was initially created and revealed by Life Insurance coverage Worldwide, a GlobalData owned model.
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