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Argo Group Announces Leadership Changes

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Argo Group International Holdings, a specialty insurance products underwriter, has announced key leadership changes. Chris Donahue, who joined as Chief Financial Officer in November 2023, has been elevated to Chief Executive Officer. He succeeds Jessica Buss, who served as CEO since November 2023.

Additionally, David Chan, who has been serving as Argo's Chief Accounting Officer since 2022, has been appointed as the new Chief Financial Officer. Chan brings experience from previous senior roles at AmTrust Financial Services, Moody's Investor Services, and PwC.

The company's Board Chair, Jonathan Bayer, emphasized that Donahue has been important in transforming Argo into a U.S.-focused specialty property & casualty company, noting that Argo has a focused strategy for its products and partners and is well-positioned for future growth.

Argo Group International Holdings, un sottoscrittore di prodotti assicurativi specializzati, ha annunciato importanti cambiamenti nella leadership. Chris Donahue, che è entrato come Chief Financial Officer nel novembre 2023, è stato promosso a Chief Executive Officer. Succede a Jessica Buss, che ha ricoperto il ruolo di CEO dal novembre 2023.

Inoltre, David Chan, che ha ricoperto il ruolo di Chief Accounting Officer di Argo dal 2022, è stato nominato nuovo Chief Financial Officer. Chan porta con sé esperienza da precedenti ruoli senior in AmTrust Financial Services, Moody's Investor Services e PwC.

Il presidente del consiglio di amministrazione dell'azienda, Jonathan Bayer, ha sottolineato che Donahue è stato fondamentale nella trasformazione di Argo in un'azienda statunitense focalizzata su prodotti di proprietà e responsabilità, notando che Argo ha una strategia mirata per i suoi prodotti e partner ed è ben posizionata per la crescita futura.

Argo Group International Holdings, un suscriptor de productos de seguros especializados, ha anunciado cambios clave en el liderazgo. Chris Donahue, quien se unió como Director Financiero en noviembre de 2023, ha sido ascendido a Director Ejecutivo. Sucede a Jessica Buss, quien ocupó el cargo de CEO desde noviembre de 2023.

Además, David Chan, quien ha estado sirviendo como Director de Contabilidad de Argo desde 2022, ha sido nombrado nuevo Director Financiero. Chan aporta experiencia de roles senior anteriores en AmTrust Financial Services, Moody's Investor Services y PwC.

El presidente de la junta de la compañía, Jonathan Bayer, enfatizó que Donahue ha sido importante en la transformación de Argo en una empresa estadounidense enfocada en propiedades y responsabilidad, señalando que Argo tiene una estrategia enfocada para sus productos y socios y está bien posicionada para el crecimiento futuro.

Argo Group International Holdings, 전문 보험 상품 언더라이터,가 주요 리더십 변화를 발표했습니다. Chris Donahue는 2023년 11월 최고 재무 책임자로 합류한 후 최고 경영 책임자로 승진했습니다. 그는 2023년 11월부터 CEO로 재직한 Jessica Buss를 이어받습니다.

또한, 2022년부터 Argo의 최고 회계 책임자로 재직해온 David Chan이 새로운 최고 재무 책임자로 임명되었습니다. Chan은 AmTrust Financial Services, Moody's Investor Services 및 PwC에서의 이전 고위직 경험을 가지고 있습니다.

회사의 이사회 의장인 Jonathan Bayer는 Donahue가 Argo를 미국 중심의 전문 재산 및 책임 회사로 변화시키는 데 중요한 역할을 했다고 강조하며, Argo가 제품과 파트너를 위한 집중 전략을 가지고 있으며 향후 성장에 잘 대비하고 있다고 언급했습니다.

Argo Group International Holdings, un souscripteur de produits d'assurance spécialisés, a annoncé des changements clés dans sa direction. Chris Donahue, qui a rejoint l'entreprise en tant que directeur financier en novembre 2023, a été promu au poste de directeur général. Il succède à Jessica Buss, qui a occupé le poste de PDG depuis novembre 2023.

De plus, David Chan, qui a été directeur comptable d'Argo depuis 2022, a été nommé nouveau directeur financier. Chan apporte son expérience de précédents postes de direction chez AmTrust Financial Services, Moody's Investor Services et PwC.

Le président du conseil d'administration de l'entreprise, Jonathan Bayer, a souligné que Donahue a joué un rôle essentiel dans la transformation d'Argo en une entreprise spécialisée en biens et responsabilités axée sur les États-Unis, notant qu'Argo a une stratégie ciblée pour ses produits et partenaires et est bien positionnée pour une croissance future.

Argo Group International Holdings, ein Spezialversicherer, hat wichtige Veränderungen in der Führung angekündigt. Chris Donahue, der im November 2023 als Chief Financial Officer eingetreten ist, wurde zum Chief Executive Officer befördert. Er folgt auf Jessica Buss, die seit November 2023 CEO war.

Darüber hinaus wurde David Chan, der seit 2022 als Chief Accounting Officer bei Argo tätig ist, zum neuen Chief Financial Officer ernannt. Chan bringt Erfahrung aus früheren leitenden Positionen bei AmTrust Financial Services, Moody's Investor Services und PwC mit.

Der Vorsitzende des Unternehmensvorstands, Jonathan Bayer, betonte, dass Donahue eine wichtige Rolle bei der Transformation von Argo in ein auf die USA fokussiertes Spezialunternehmen für Sach- und Haftpflichtversicherungen gespielt hat und stellte fest, dass Argo eine fokussierte Strategie für seine Produkte und Partner hat und gut für zukünftiges Wachstum positioniert ist.

Positive
  • New CEO Chris Donahue brings continuity having been involved in company's transformation as CFO
  • New CFO David Chan brings strong financial sector experience from AmTrust, Moody's, and PwC
  • Company has established focused strategy for products and partners
Negative
  • CEO turnover after just few months may indicate leadership instability
  • Second C-suite leadership change in short period could disrupt business continuity

NEW YORK--(BUSINESS WIRE)-- Argo Group International Holdings, Inc. (“Argo” or “the company”), an underwriter of specialty insurance products, today announced the appointment of Chris Donahue as Chief Executive Officer. Mr. Donahue joined the company in November 2023 as Chief Financial Officer.

“Chris has been integral to the transformation of Argo into a U.S.-focused specialty property & casualty company,” said Jonathan Bayer, Chair of Argo’s Board of Directors. “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.”

Mr. Donahue succeeds Jessica Buss, who has served as Argo’s Chief Executive Officer since November 2023.

David Chan has been named as the company’s Chief Financial Officer, having served as Argo’s Chief Accounting Officer since 2022. Mr. Chan previously held senior roles at AmTrust Financial Services, Inc., Moody’s Investor services, and PwC.

“We greatly appreciate Jessica’s leadership through Argo’s transformation and her many valuable contributions,” said Mr. Bayer. “We wish her all the best in her next pursuit.”

About Argo Group:

Argo Group International Holdings, Inc. is an underwriter of specialty insurance 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. The company is a wholly owned subsidiary of Brookfield Wealth Solutions. Argo 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 about Argo is available at www.argogroup.com.

David Snowden

Tel: (210) 321-2104

Email: david.snowden@argogroupus.com

Source: Argo Group International Holdings, Inc.

FAQ

Who is the new CEO of Argo Group (ARGO) in 2024?

Chris Donahue, who previously served as Argo's CFO since November 2023, has been appointed as the new CEO.

Who replaced Chris Donahue as CFO at Argo Group (ARGO)?

David Chan, previously Argo's Chief Accounting Officer since 2022, has been appointed as the new Chief Financial Officer.

How long did Jessica Buss serve as CEO of Argo Group (ARGO)?

Jessica Buss served as Argo's CEO from November 2023 until this leadership change announcement.

What is Argo Group's (ARGO) current business focus?

Argo is focused on being a U.S.-focused specialty property & casualty insurance company with targeted products and partners.
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