James River CEO Bob Myron leaves his post for health reasons

  • After about a year and a half in the position
  • Accolades and praise for Myron
  • Adam Abram taking over
  • Myron will remain as President and Chief Operating Officer at James River
  • Myron kept it short and said 30 words

(exechange) — Pembroke, Bermuda, July 31, 2019 — Bob Myron, chief executive of James River, leaves his position. As announced by James River Group Holdings Ltd. in a news release and in a regulatory filing published on Wednesday, July 31, 2019, Robert P. (Bob) Myron leaves his post as Chief Executive Officer at the insurance holding company after about a year and a half in the role, effective August 5, 2019.

Bob Myron’s duties as CEO will be taken over by J.Adam Abram, currently Board Chairman of James River Group Holdings, Ltd.

Health reasons

Bob Myron’s departure from the CEO post is explained as follows. “James River Group Holdings, Ltd. (“James River” or the “Company”) (JRVR) announced today that due to ill health the Company’s Chief Executive Officer, Robert P. Myron, will step down as Chief Executive Officer to take the position of President and Chief Operating Officer.”

Share price increase since January 2019

The announcement follows an increase in James River Group Holdings, Ltd.’s share price of 33% since January 2019.

In the position of CEO since 2018

Bob Myron became CEO of the Company in January 2018.

Myron will remain on the Board of Directors.

Robert P. Myron has served as the Company’s President and Chief Executive Officer since January 2018.

He served as the Company’s President and Chief Operating Officer from September 2014 to December 2017 and has served as a director since December 2010.

He is also a director and Chief Executive Officer of the Company’s U.S. holding company, a director of the Company’s U.K. holding company and an administrator of one of the Company’s Delaware statutory trusts.

Myron served as the Company’s Chief Executive Officer from October 2012 to September 2014, and before that as the Company’s Chief Financial Officer from June 2010 until September 2012.

Prior to that time, Myron served as Senior Vice President, Treasurer and Chief Risk Officer of The Hanover Insurance Group, Inc., a property-casualty insurance company, from 2007 until 2010, and before that, as Executive Vice President and Chief Financial Officer of Argo Group International Holdings Ltd., an insurance and reinsurance company, from August 2007 to October 2007.

Prior to that, Myron was Executive Vice President and Chief Financial Officer of PXRE Group, Ltd., a property reinsurer, from 2005 to August 2007, and before that, served as Treasurer from 2003 to 2005.

Prior to PXRE, Myron was the President of Select Reinsurance Ltd., a privately-held Bermuda-based property-casualty reinsurer, from 1999 to 2003.

Myron received his B.S. from Babson College. He also holds the Associate in Reinsurance designation and is a Certified Public Accountant.

Push-out Score not determined

When the reason for the departure is health-related, a Push-out Score™ is not determined.

Read the full story in the exechange report 31.2019 ($).