Bailie Elected Chairman of Vesta Insurance

NU Online News Service, June 2, 4:16 p.m.EDT?Vesta Insurance Group Inc., a Birmingham, Ala.-basedcarrier focusing on personal-insurance products, said the companyhas elected Tambra Bailie as non-executive chairman for its boardof directors.[@@]

The insurer also added a new member to its board, electinginsurance attorney Kevin Tierney as a director, the companysaid.

A resident of Birmingham, Ms. Bailie, 45, is a certified publicaccountant who has been serving as a Vesta director since January2003. She retired in 2001 following a 21-year career withPricewaterhouseCoopers LLP.

Mr. Tierney, 52, the newly elected board member, has been inprivate legal practice since 2000 after 23 years with UNUM Corp.,where he served in various roles, including senior vice president,general counsel and secretary. Mr. Tierney's legal practice hasfocused on insurance, reinsurance and corporate law, reinsurancearbitration and mediation.

Vesta Insurance Group offers preferred, standard, andnonstandard auto and homeowners insurance, including dwelling fireand personal catastrophe umbrella. The company sells its productsthrough independent agencies. For the 2004 first quarter, thecompany reported $14.9 million for net income from continuingoperations.