Dallas-based insurer, GAINSCO Inc., announced changes to its Board of Directors.
Hugh Balloch, a principal with Goff Moore Strategic Partners L.P. (GMSP) was elected to fill one of the two Director positions held by representatives designated by GMSP. He replaces J. Randall Chappel who resigned from the Board for personal reasons and who had previously filled one of the two GMSP-designated Director positions.
Balloch joined GMSP in 1999 after 23 years in banking and finance with Chase Bank. He is a director of OpenConnect Systems of Dallas.
GAINSCO’s nonstandard personal automobile insurance products are distributed through retail agents in Florida. Its primary insurance subsidiaries are General Agents Insurance Company of America,Inc., MGA Insurance Company, Inc., GAINSCO County Mutual Insurance Company and Midwest Casualty Insurance Company.
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