Kingsway appoints Corporate Vice President of Claims



    TORONTO, Sept. 3 /CNW/ - (TSX:KFS, NYSE:  KFS) Kingsway Financial Services
Inc. is pleased to announce the appointment of Glenn Penny as Vice President,
Claims of Kingsway Financial Services Inc. In this newly created role, Glenn
will be responsible for the oversight of the claims functions, including
building claims capabilities and common practices throughout the Kingsway
Group.
    Glenn is an insurance executive with 24 years of claims experience. He
was previously a senior claims executive with the Canadian operations of the
largest non-standard automobile insurance company in North America and was
most recently Vice President, Claims of a major Canadian personal and other
specialty lines insurer. Throughout his career, Glenn has demonstrated an
ability to build high performance claims teams, including start up operations
and the implementation of service standards and performance metrics for claims
departments. One of Glenn's responsibilities will be to introduce new and
innovative claims services and cost containment initiatives to the group,
particularly in the area of vendor and litigation management. He is
experienced in developing and implementing claims systems and software tools.
Together these elements will ensure that Kingsway leverages information and
experience across the organization to improve its overall claims execution and
performance.
    "We are excited to have someone of Glenn's capabilities and experience
join the Kingsway Group", said Shaun Jackson, President and CEO. "This newly
created role is part of our strategic plan to increase oversight and provide
best practices to all of our insurance companies throughout the group. The
dollar spend on claims settlement is the most significant cost for the
Kingsway and Glenn's experience and knowledge in this area will assist us in
ensuring the best and most cost efficient utilization of our resources."
    "Kingsway's goal is to maintain strong regional claims operations that
are tailored to the local markets but also to provide centralized procurement,
sourcing and training initiatives that will ensure Kingsway's future
operational direction is aligned with its strategic plans to continue to
reduce costs and improve the profitability of the Company on behalf of our
shareholders."

    About the Company

    Kingsway Financial Services Inc. is one of the largest non-standard
automobile insurers and truck insurers in North America based on A.M. Best
data that we have compiled. The Company also provides commercial and personal
property insurance, standard automobile insurance, motorcycle insurance and
other specialty insurance where limited competition and an emphasis on
underwriting profit provide an opportunity for consistent and above-average
returns. Kingsway Financial operates through 11 wholly-owned insurance
subsidiaries in Canada and two insurance agencies in Canada and the United
States. The Company employs approximately 2,900 people in Canada and the
United States and is headquartered in Mississauga, Ontario, Canada. The common
shares of Kingsway Financial Services Inc. are listed on the Toronto Stock
Exchange and the New York Stock Exchange, under the trading symbol "KFS".

    %SEDAR: 00003152E          %CIK: 0001072627




For further information:

For further information: Shelly Gobin, Senior Vice President and Chief
Financial Officer, Tel: (905) 677-8889, Fax: (905) 677-5008, Web Site:
www.kingsway-financial.com


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