Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Kingsway names new CEO, nominee of majority shareholder Stilwell

20 April 2010

Beleaguered Canadian-headquartered motor insurer Kingsway Financial Services has replaced its president and CEO Colin Simpson - who was nominated to the role by Kingsway's majority investor, Stilwell Group in 2008 - with fellow Stilwell nominee Larry Swets.

Current executive vice president of corporate development, Swets will take the reins at Kingsway on 30 June. He was parachuted on to the board by the Stilwell Group in January 2009 after the activist investor locked horns with Kingway's then-management over cost cutting...

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