James River CEO Myron steps down due to health, former chief to return

Bermuda-based James River Group Holdings's chief executive officer Robert Myron is stepping down from the top position due to ill health, the company said July 31.

The company's board chairman and former chief executive officer J. Adam Abram will assume the additional duties of CEO, while Myron will take the position of president and chief operating officer.

The shift in management duties will be effective August 5, 2019, and is expected to be permanent. Myron will remain on the board of directors.

Abram said: “The Company has performed extremely well under Bob’s skillful leadership. Indeed, the results from our most recent quarter demonstrate his success as CEO. However, lingering effects from a case of Lyme disease make it impossible for Bob to perform all the duties of CEO to his satisfaction. In consultation with the Board of Directors, he has asked me to return as CEO. Bob and I, and the broader management team, have worked together in this configuration before, and we return to this arrangement with confidence. Our focus will remain on continuing to seek to deliver strong underwriting results, profitable growth and earning industry leading returns on equity.”

Myron said: “I have enjoyed being CEO of James River and have great confidence in our future. I look forward to working with Adam and our team to build on our momentum.”

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