James River hires new CFO from Allied World

Bermuda-based holding company James River Group (JRG) has appointed Sarah Doran as its chief financial officer (CFO), effective January 16 next year.

Doran succeeds the current CFO Gregg Davis, who will retire in early January after serving the company for 22 years.

In her new role, Doran will be responsible for JRG’s finance, accounting and financial reporting, investments, corporate development and strategy, internal audit, treasury and investor relations.

Doran joins the James River Group from Allied World Assurance Company Holdings where she was the senior vice president, strategy, treasurer and investor relations. Prior to Allied World, she was a director at Barclays, and vice president at Lehman Brothers.

J Adam Abram, JRG’s chairman and chief executive officer, said: "We are extremely pleased to have Sarah join our company. She has a wealth of experience in finance and corporate development, having held leadership positions within financial services and the property and casualty insurance industry. We look forward to working with her and leveraging her strengths as we continue to build our franchise."

Doran said: "I am thrilled to be joining James River Group at this time, both because of its recent performance as well as its prospects going forward.

"It is a company I have long admired with its strong results, underwriting culture and specialty market focus. I am excited to help drive the group’s initiatives ahead in the coming years."

Abram added: "I would like to again thank our current CFO, Gregg Davis, for his years of dedicated service to the group. We wish him the very best in his retirement."