April 24, 2009 (FinancialWire) — Kingsway Financial Services Inc. (NYSE: KFS) (TSX: KFS) (Current Market Cap: US$106.83 Mil.) has appointed Colin Simpson as president and chief executive officer. He was previously the chief operating officer and executive in charge of Kingsway’s transformation program.

Company chair Spencer L. Schneider said, “The appointment of Simpson as President and CEO demonstrates our commitment to continue the execution of the transformation program previously announced and increase shareholder value by returning to consistent profitability.”

Toronto-based Kingsway Financial Services is a non-standard automobile insurer and commercial automobile insurer in North America. Kingsway’s primary businesses are the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers, and commercial automobile insurance.

The company operates through wholly-owned insurance subsidiaries in Canada and the U.S., which it is currently consolidating into three operating units to reduce overhead and strengthen its competitive position. Kingsway also operates reinsurance subsidiaries in Barbados and Bermuda.

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