Specialty insurance underwriter Argo Group International has named Chris Donahue as its new CEO, succeeding Jessica Buss, who has led the company since November 2023.
Donahue, who moved to Argo as its chief financial officer (CFO) in November 2023, will now be replaced in this role by David Chan.
Chan has been with Argo since 2022, holding the role of chief accounting officer.
Earlier, he worked in senior positions at AmTrust Financial Services, Moody’s Investor Services and PwC.
Argo board of directors chair Jonathan Bayer said: “Chris has been integral to the transformation of Argo into a US-focused specialty property & casualty company. Argo has a focused strategy for its products and partners and is well positioned for future growth as Chris and the executive team continue to lead Argo.
“We greatly appreciate Jessica’s leadership through Argo’s transformation and her many valuable contributions. We wish her all the best in her next pursuit.”
In 2023, Argo Group was taken over by Brookfield Reinsurance in a deal valued at approximately $1.1bn.
Under the agreement, Brookfield bought all issued and outstanding Argo common shares at $30 apiece.
Upon the acquisition, Argo’s common shares have ceased trading on the New York Stock Exchange.
The company, now operating as a Brookfield subsidiary, is headquartered in Hamilton, Bermuda.
It specialises in underwriting insurance solutions for the property and casualty industry, offering products and services that meet the specific coverage and claims-handling requirements of businesses.
“Argo Group appoints new CEO and CFO ” was originally created and published by Life Insurance International, a GlobalData owned brand.
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