TORONTO, April 25 /CNW/ - (TSX: KFS) (NYSE: KFS) Kingsway Financial
Services Inc. ("Kingsway" or the "Company") today announced that
William A. Hickey, Jr., currently the Company's Chief Operating
Officer, will take on the additional responsibility of Chief Financial
Officer. Hickey replaces Daniel Brazier, a contract employee who held
the post while the Company transitioned its executive functions from
Canada to the United States. Hickey has previously held the COO and/or
CFO roles at Lumbermens Mutual Casualty Company, Cochran Caronia Waller
and Fox-Pitt Kelton.
"Bill is uniquely qualified to direct the financial function," said
Larry G. Swets, Jr, the Company's Chief Executive Officer. "At this
stage in our turnaround efforts, Bill's leadership and experience allow
us to consolidate the business operations and finance team under his
guidance. We would like to thank Dan for his efforts during some of our
toughest quarters and wish him the best in his future endeavors."
Forward Looking Statements
This press release includes "forward looking statements" that are
subject to risks and uncertainties. Such forward looking statements
relate to future events or performance, but reflect Kingsway
management's current beliefs, based on information currently available.
A number of factors could cause actual events, performance or results
to differ materially from the events, performance and results discussed
in the forward looking statements. For information identifying
important factors that could cause actual results to differ materially
from those anticipated in the forward looking statements, see
Kingsway's securities filings, including its 2010 Annual Report under
the heading Risk Factors in the Management's Discussion and Analysis
section. The securities filings can be accessed on the Canadian
Securities Administrators' website at www.sedar.com, on the EDGAR section of the U.S. Securities and Exchange Commission's
website at www.sec.gov or through the Company's website at www.kingsway-financial.com. Except as expressly required by applicable securities law, the Company
disclaims any intention or obligation to update or revise any forward
looking statements whether as a result of new information, future
events or otherwise.
About the Company
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".
SOURCE Kingsway Financial Services Inc.
For further information:
Investor Relations, 416-848-1171