Robert A. Lear, president and chief executive officer of Penn Independent Corporation reported on two executive management changes that were effective Jan. 25, 2005.
Edward Levy has been promoted to president and CEO of all the DVUA subsidiaries of Penn Independent Corporation.
Jason M. Waksman has been promoted to senior vice president of finance and chief financial officer of Penn Independent Corporation and all its subsidiaries.
Penn Independent Corporation, located in Hatboro, Pa., is a U.S. wholesale broker comprised of six major businesses, including: the DVUA subsidiaries, wholesale agencies primarily providing insurance polices on an excess and surplus lines basis; Residential Underwriting Agency Inc., an agency that specializes in personal lines insurance; Apex Insurance Agency Inc., a specialty and reinsurance broker for municipalities and government agencies; Stratus Insurance Services Inc., a niche association based broker; Summit Risk Services Inc., a third party claims administrator; and Penn Independent Financial Services,Inc., a premium finance company. Penn Independent Corporation is a member company of United America Indemnity Ltd.