Kingsway update on disposition of Lincoln General Insurance Company
Kingsway disagrees with the DOI's position. Kingsway maintains its view that the donations of the Lincoln shares to the charities were lawfully made and that the DOI has no legal basis for demanding the unwinding of the donations. Kingsway further believes that any assertion by the DOI that the donations did not comply with law, or any suggestion that there could be any "repercussions" for the charities which received the lawful donations, is not only incorrect but also inappropriate. While Kingsway is open to continuing discussions with the DOI with a view to reaching a mutually agreeable solution, Kingsway is prepared to defend its lawful right to dispose of the Lincoln shares as it has done and will vigorously defend its position if required to do so.
As disclosed by Kingsway in its
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