Kingsway Appoints Two New Directors

William G. Star, chairman and CEO of Toronto-based non-standard auto insurer Kingsway Financial Services Inc. announced the appointment of Walter Farnam and Jack Sullivan to the company’s Board of Directors.

Farnam received a B.A. from Brown University. During his career he has held various senior positions in the insurance industry and from 1998 until his retirement in June 2001 served as Chairman of the Board of the CGU Insurance Group in the United States. Prior to joining CGU, he was chairman and CEO of General Accident Insurance in Philadelphia. He also held the position of president and COO of General Accident Insurance in the United States from July 1985 through August 1991. He is a Fellow of the Casualty Actuarial Society and is past chairman of the Council of Insurance Company Executives. Farnam also served on the Executive Committee and Board of Trustees of the American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America.

Sullivan earned a Bachelor of Commercial Science from Seattle University and attended the Management Training Course of the University of Western Ontario School of Business in London, Ontario, Canada. During his career, he has held various senior positions in the insurance and reinsurance business in the United States, Canada and Europe. He was president of G.J. Sullivan, Co. in Los Angeles from 1985 to 1992 when he moved to the holding company of the Sullivan Companies as vice chairman. He retired from day to day service in 1996 but continues to serve as the non-executive vice chair of the Sullivan Companies. Sullivan is also a former member of the Board of Governors of Farmers Insurance Group.

“I am pleased to welcome both Walter and Jack to the board of Kingsway Financial”, Star commented. “I am confident that their experience and knowledge of the insurance industry in the United States will bring additional strength to our board.”

The nine member Board of Kingsway Financial is now comprised of David Atkins, John Beamish, Thomas Di Giacomo, Walter Farnam, Bernard Gluckstein, J. Brian Reeve, Bill Star, Jack Sullivan and F. Michael Walsh.