Kingsway announces appointment of new Chief Executive Officer and President

TORONTO, June 30 /CNW/ - Kingsway Financial Services Inc. (NYSE, TSX: KFS) (the "Company") is pleased to announce that Mr. Larry G. Swets, Jr., formerly the Company's Executive Vice-President of Corporate Development, has been appointed to the role of Chief Executive Officer and President effective today.

Mr. Colin Simpson, former Chief Executive Officer and President, resigned from the Company to pursue other career interests, as was previously announced.

Mr. Simpson will remain on the Company's Board of Directors. The Company would like to thank Mr. Simpson for his contributions to the Company.

About Kingsway Financial Services Inc.

Kingsway Financial Services Inc. focuses on non-standard automobile insurance in the United States of America. The Company's primary businesses are the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers. The common shares of the Company are listed on the Toronto Stock Exchange and the New York Stock Exchange, under the trading symbol "KFS".

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SOURCE Kingsway Financial Services Inc.

For further information: For further information: Larry G. Swets, Jr., President and Chief Executive Officer, Tel: 416-848-1171, Fax: 416-850-5439, Web Site: www.kingsway-financial.com


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