Argo Group and the Spencer Educational Foundation recently announced Maya Ramahi as the first recipient of the Argo Group Diversity Scholarship.
The scholarship is a $10,000, merit-based two-year scholarship for University of Illinois at Urbana-Champaign (UIUC) students seeking a career in insurance and risk management whose ethnic or racial identity is traditionally underrepresented in the industry.
It was created in 2020 as a partnership between Argo Group and the Spencer Educational Foundation, the most prominent provider of scholarships and grants for students of risk management and insurance. Since it was established in 1979, Spencer has awarded over $8 million in scholarships and $5 million in grants.
“We couldn’t ask for a better partner than Spencer in this effort to promote diversity in insurance,” said Susan Comparato, Senior Vice President, U.S. Insurance and Executive Sponsor of Argo’s Diversity and Inclusion (D&I) Committee. “We’re excited to see the scholarship benefit someone with such a promising future in our industry and hope to see the program expand to reach many more students in the future.”
Meet Maya Ramahi
Ramahi was born in the U.S., and her family is from Palestine. She grew up in Texas before her father’s job moved them to Saudi Arabia, where she lived for 12 years.
She returned to the U.S. to attend UIUC, where’s she’s now a sophomore pursuing a bachelor’s degree in actuarial science with minors in applied statistics and astronomy.
“In high school I really enjoyed math and analytical studies, so I wanted to find an application for that,” Ramahi said. “My dad suggested actuarial science, which was an interesting melding of his financial interests and my interest in math.”
She chose UIUC specifically for its renowned actuarial science program and has been an excellent student, having made the dean’s list two years in a row and maintained a 4.0 GPA.