ITASCA, IL, Feb. 28, 2020 /CNW/ - (NYSE: KFS) Kingsway
Financial Services Inc. ("Kingsway" or the "Company") announced
today that Kent A. Hansen has been
named Chief Financial Officer of the Company, effective
immediately, following the Board's acceptance of the resignation of
William A. Hickey, Jr.
"We are excited that Kent has agreed to expand his role within
the Kingsway family of companies," said John T. Fitzgerald, the Company's President and
Chief Executive Officer. "Kent brings with him a wealth of
experience that we expect to be invaluable as we continue to grow
Mr. Hickey has agreed to remain with the Company in a consulting
capacity at least through April 30,
2020 to ensure a smooth and successful transition of his
role and responsibilities. "On behalf of myself and the board, I
would like to extend my sincere appreciation for Bill's years of
dedicated service to Kingsway. We wish him well in all his future
Mr. Hansen joined the Company's indirect, wholly-owned
subsidiary, Kingsway America Inc. ("KAI"), as its Chief Financial
Officer in December 2019. Prior to
joining KAI, Mr. Hansen worked for LSC Communications, Inc.
("LSC"), most recently as its Chief Accounting Officer and
Controller, from September 2016.
Before LSC, Mr. Hansen served as Vice President, Assistant
Controller, of Baxalta, Incorporated from 2015 to 2016, after
serving in various finance and accounting roles (including Director
of Accounting and SEC Reporting, Assistant Controller, and Group
Chief Financial Officer) with Scientific Games Corporation
(formerly WMS Industries, Inc.) from 2006 to 2015. Mr. Hansen's
previous experience includes roles in accounting and financial
reporting at Accenture and as an auditor at Ernst and Young LLP.
Mr. Hansen holds a BBA from University of
Michigan – Ann Arbor and an
MBA from Northwestern University's
Kellogg School of Business.
About the Company
Kingsway is a holding company that owns or controls subsidiaries
primarily in the extended warranty, asset management and real
estate industries. The common shares of Kingsway are listed on the
New York Stock Exchange under the trading symbol "KFS."
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 that are not
historical facts, and involve risks and uncertainties that could
cause actual results to differ materially from those expected and
projected. Words such as "expects," "believes," "anticipates,"
"intends," "estimates," "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect Kingsway management's current
beliefs, based on information currently available. A number of
factors could cause actual events, performance or results to differ
materially from the events, performance and results discussed in
the forward-looking statements. For information identifying
important factors that could cause actual results to differ
materially from those anticipated in the forward-looking
statements, please refer to the section entitled "Risk Factors" in
the Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2018. Except as
expressly required by applicable securities law, the Company
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
Additional information about Kingsway, including a copy of its
2018 Annual Report and filings on Forms 10-Q and 8-K, can be
accessed on the Canadian Securities Administrators' website at
www.sedar.com, on the EDGAR section of the U.S. Securities and
Exchange Commission's website at www.sec.gov or through the
Company's website at www.kingsway-financial.com.
SOURCE Kingsway Financial Services Inc.