kingsway auto insurance
Kingsway announces the consolidation of two subsidiaries and ...
Kingsway Financial Services Inc. announced that the operations of Southern United Fire Insurance Company (Southern United), based in Mobile, Alabama, will be consolidated with Hamilton Risk Management (Hamilton Risk), its subsidiary based in Miami, Florida. This is a further step in Kingsway’s strategic plan to ensure that synergies, cost reduction and operational efficiencies are achieved within the U.S. operations and underperforming business is decisively addressed.
Roberto Espin is appointed President and Chief Executive Officer at Southern United. Mr. Espin will also continue in his current role as President and Chief Executive Officer of Hamilton Risk which operates the insurance subsidiary, U.S. Security Insurance Company (U.S. Security). U.S. Security is a predominantly non-standard automobile insurance carrier licensed in Florida and South Carolina. The consolidation of the two companies will enable Hamilton Risk to continue its expansion plans into Southern United’s core profitable states.
