Canal Insurance Co. has accepted the resignation of CEO David Firstenberg, according to Lansing Crane, chair of the company’s board of directors.
The board accepted the resignation of Firstenberg, who has been Chief Executive Officer of Canal since October 2010, at the beginning of June.
The board has appointed David Pauly to the position of CEO to succeed Firstenberg.
A resident of Madison, Wisconsin, Pauly has been a director of Canal since October 2014. In 2013, Pauly retired after 13 years as CEO of Capital Transamerica Corp., a specialty property and casualty insurer.
In a statement, Crane expressed his gratitude to Firstenberg and said during his tenure Firstenberg “revitalized” Canal by adding new talent and by investing in systems and practices that “have made Canal competitive once again.”
Canal Insurance Co. has specialized in providing insurance to commercial trucking and specialty transportation insureds through selected professional agents for more than 75 years.
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