Baldwin & Lyons, Inc. Announces Appointment of John Nichols and James Porcari to Board of Directors
May 15 2017 - 3:37PM
Baldwin & Lyons, Inc. (NASDAQ:BWINA) (NASDAQ:BWINB) today
announced the formal appointment of John Nichols and James Porcari
to the company’s Board of Directors, effective immediately.
“John and James each bring years of insurance industry expertise
and leadership acumen to the table, which will help continue
fueling our company’s growth and success in the midst of our
eighty-seventh year in business,” said Steve Shapiro, Executive
Chairman of the Board of Directors. “We are thrilled to welcome
them to the Board and look forward to their valuable contributions
to our company.”
John “Jay” Nichols, 57, held the title of Chief Executive
Officer at AXIS Re, a leading reinsurer to global property and
casualty insurance companies, from 2012-2017. Prior to his tenure
at AXIS Re, Nichols served as President of RenaissanceRe Ventures
Ltd. from 2001-2010, where his role encompassed business
development and management of joint ventures and venture capital
businesses. Nichols has also held various leadership positions with
Hartford Steam Boiler and Monarch Capital, and previously worked
for the accounting firm Matson, Driscoll, and D’Amico. He also
serves on the Board of Directors for Delaware North Companies.
Nichols holds a B.S. in Business and Accounting from Babson
College.
James “Jim” Porcari, 59, is the founder and managing partner of
Insurance Resources International, LLC – a strategic consulting
group for the property and casualty industry. Before founding IRI
in 2010, Porcari was President of Personal Lines Claims for AIG
(US) from 2002-2009. Prior to joining AIG, Porcari held various
leadership positions with several insurers, including GMAC/Integon,
USF&G, Transport Group and Progressive. Porcari is also on the
Board of Directors for National Truck Protection, Collision
Diagnostic Services, Livegenic and Homesite Insurance. Porcari
holds a B.B.A. in Business from the University of Dayton, and an
MBA from Southern Methodist University.
ABOUT BALDWIN & LYONS, INC.
Founded in 1930, Baldwin & Lyons, Inc. is a holding company
for specialty property and casualty insurance subsidiaries. Through
its subsidiaries, the company provides liability coverage for large
and medium-sized trucking and public transportation fleets, as well
as coverages for trucking industry independent contractors. In
addition, the company offers coverage for small fleet trucking
along with workers’ compensation for small business and casualty
reinsurance. Baldwin & Lyons is headquartered in Carmel,
Indiana.
Investor Contact: William Vens
investors@baldwinandlyons.com
(317)-429-2554
Media Contact:
Leila Palizi
lpalizi@baldwinandlyons.com
317-636-9800, ext. 4765
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