Kingsway U.S. Unit CEO Resigns In Reshuffle

Kingsway U.S. Unit CEO Resigns In Reshuffle

NU Online News Service, Jan. 15, 11:55 a.m. EST?Kingsway Financial Services Inc. announced its top U.S. executive has resigned as it consolidates reporting structures of its U.S. and Canadian operations through its Toronto-based holding company.[@@]

Kingsway said presidents of all U.S. subsidiaries will now report directly to Bill Star, chairman and chief executive officer of the corporation, and that James Zuhlke, who has been serving as president and chief executive officer of Elk Grove, Ill-based Kingsway America since 1998, has resigned his post with the consolidation move.

Kingsway Financial Services Inc., the Ontario-based insurer with more than $1 billion in annual revenues, stated that, "As a result of this restructuring, Mr. James Zuhlke has decided to tender his resignation as an officer and director and will pursue other interests."

The company also said the main responsibility for its Kingsway America office will now fall to Brian Williamson, who has been appointed vice president and chief financial officer at Kingsway America. Mr. Williamson's responsibilities will include helping to consolidate financial reports of the company's U.S. subsidiaries.

Kingsway Financial, which writes insurance through nine subsidiaries in Canada and the United States, is primarily involved in the nonstandard auto insurance business.