Poe Financial Group Announces New President and CEO

Sponsored Content February 2, 2004

Poe Financial Group announced the promotion of their Executive Vice President, James E. Wurdeman, to President and Chief Executive Officer. William F. Poe, Sr., the current CEO, will remain Chairman of the Florida-based property and casualty insurance company, which he founded in 1996.

Mr. Wurdeman, age 51, has been with Poe Financial Group as their Executive Vice President since its inception in 1996. Jim has over 24 years experience in the insurance industry – including Treasurer of Poe & Associates, Inc. Prior to entering the insurance industry, Jim held a position with a large national accounting firm and also served as President of a consulting company. Mr. Wurdeman is a graduate of the University of South Florida.

He is married to Jean Wurdeman and has 3 children.

“We are confident in Jim’s leadership and know he will maintain our status as the fastest growing property and casualty insurance company in the State of Florida,” stated William F. Poe, Jr., current Vice Chairman of the company.

Poe Financial Group’s other officers are: Chairman, William F. Poe, Sr.; Vice Chairman, William F. Poe, Jr.; Senior Vice President, Charles E. Poe; and Chief Financial Officer, Jay Meder. William F. Poe, Sr., William F. Poe, Jr., Charles E. Poe., and Jim Wurdeman sit on the executive committee for the company.

In 2002, Poe Financial Group was one of the 50 largest property insurance writers in the United States. They reached $300 million in premiums in 2003 with 240,000 policyholders. Poe Financial Group currently employs 170 at their Tampa, Florida headquarters.

William F. Poe, Sr., age 72, has served as CEO in the insurance industry for 44 years – including 20 years as President and founder of Poe & Associates, a public company and a predecessor to Poe Financial Group. Poe & Associates was the most profitable NASDAQ Company in the country (based on percentage of return on capital) in 1991. Poe & Associates was the largest property and casualty insurance agency based in the State of Florida and the 12th largest in the United States.

Mr. Poe also served two terms as mayor of Tampa from 1974 to 1979.

Poe Financial Group’s member companies, Atlantic Preferred Insurance Company, Florida Preferred Property Insurance Company and Southern Family Insurance Company, offer a broad range of insurance and financial products and services. Poe Financial Group specializes in homeowner (including condo-unit owner), commercial habitational and is one of the largest property insurers in the State of Florida.*

For more information on Poe Financial Group please visit www.poefinancialgroup.com

Contact:
Brenda McGehee
813-259-4047
bmcgehee@poefg.com

* A.M. Best Database Services Five-Year Trend Study for the Top 50 Writers

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