United America Indemnity, Ltd., announced today that Joseph F. Morris, United America Indemnity’s president since January 2006 and formerly chief financial officer and president of Penn-America Group Inc., which merged with United America Indemnity in January 2005, will resign from the company, effective August 25, 2006. Morris’ responsibilities include general corporate oversight, shareholder and SEC reporting, and investor relations on behalf of the affiliated group’s holding company. The company is currently conducting a search for a chief executive officer.
“Our Board of Directors is most grateful to Joe for serving as president of our holding company and helping to facilitate the merger and integration of Penn-America into United America Indemnity, much of which has been accomplished, due in no small measure to his steadfast efforts,” said Saul A. Fox, United America Indemnity’s chairman.
Morris added, “Now that the transition to the current operating structure is complete, it is time for me to move on. I believe that the company is on the right path under the leadership of the board.”
Source: United America Indemnity