Affirmative Insurance Holdings Inc. Board of Directors announced that Thomas Mangold has resigned as chairman, chief executive officer and president, effective Nov. 13. Affirmative’s board appointed Kevin Callahan as interim chairman and chief executive officer effective Nov. 15, while a search is conducted for Mangold’s permanent replacement.
Callahan, 44, was recently appointed as a director to Affirmative’s board. From 2002 to 2004, Callahan was chief executive officer of Allianz Global Risks US Insurance Company. He was chief executive officer of Aon Capital Markets from 1996 to 2002 and had been employed by Goldman, Sachs & Co. from 1985 to 1996. Callahan has served on the board of directors of Corus Bankshares Inc. since February 2005.
Headquartered in Addison, Texas, Affirmative Insurance Holdings Inc., is a producer and provider of personal non-standard automobile insurance policies to individual consumers in highly targeted geographic markets.
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