Subsequent Events

12 Months Ended

Dec. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Appointment of Chief Executive Officer and Chief Financial Officer

On March 21, 2025, Jessica Buss notified the Company of her resignation as Chief Executive Officer of the Company, effective immediately (the “Resignation”). Ms. Buss’ decision is not due to any disagreement with the Company or the Board of Directors of the Company on any matter relating to the Company’s operations, policies or practices.

In connection with the Resignation and effective immediately, Christopher Donahue, the Company’s Chief Financial Officer, was appointed as the Chief Executive Officer of the Company, and David Chan, the Company’s Chief Accounting Officer, was appointed as the Chief Financial Officer of the Company.

Argo Pro

In January 2025, certain subsidiaries of the Company entered into a Business Transfer Agreement, as amended and restated, with Core Specialty Insurance Holdings, Inc. (“Core”) and a Renewal Rights Agreement with Westfield Insurance Company, Westfield National Insurance Company, Westfield Select Insurance Company and Westfield Specialty Insurance Company (collectively, “Westfield”, and together with Core, collectively, the “Purchasers”), whereby the Purchasers purchased the renewal rights and related unearned premium reserves of the Company’s professional lines businesses. The Company entered into the transaction in order to meet the Company’s foreseeable strategic goals and continue to serve our broker partners through growth across other lines of business.