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1347 Property Insurance Holdings Inc (PIH.OQ)

PIH.OQ on NASDAQ Stock Exchange Global Market

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8 Dec 2017
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Summary

Name Age Since Current Position

Larry Swets

41 2017 Chairman of the Board

Douglas Raucy

58 2012 President, Chief Executive Officer, Director

John Hill

58 2013 Chief Financial Officer, Vice President

Dan Case

39 2017 Chief Operating Officer

Dean Stroud

64 2016 Vice President, Chief Underwriting Officer

D. Kyle Cerminara

40 2016 Director

Lewis Johnson

2017 Director

Joshua Horowitz

38 2015 Independent Director

Scott Wollney

46 2015 Independent Director

Dennis Wong

2015 Independent Director

Biographies

Name Description

Larry Swets

Mr. Larry Gene Swets, Jr., serves as Chairman of the Board of 1347 Property Insurance Holdings Inc. Since June 2010, Mr. Swets has served as the President and Chief Executive Officer of Kingsway Financial Services, Inc. (“KFSI”) (NYSE: KFS), and prior to that, served as Executive Vice President of Corporate Development for that entity from January 2010 to July 2010. In September 2013, Mr. Swets joined the Board of Directors of KFSI. Mr. Swets also currently serves as a Director of Atlas Financial Holdings, Inc. and as Chairman of the Board of Directors of 1347 Capital Corp. (NASDAQ: TFSC). From June 2007 through March 2012, Mr. Swets was a director of United Insurance Holdings Corp., a property and casualty insurance company. From June 2007 through September 2008, Mr. Swets was the CFO, Secretary, Treasurer and Executive Vice-President of FMG Acquisition Corp., a private holding company. In 2005, Mr. Swets founded Itasca Financial LLC, an advisory and investment firm specializing in the insurance industry, where he serves as Managing Director until January 2010. Prior to his work at Itasca Financial LLC, Mr. Swets served as an insurance company executive and advisor, including the role of Director of Investments and Fixed Income Portfolio Manager for Kemper Insurance. Mr. Swets obtained a bachelor’s degree from Valparaiso University and a Master’s degree in finance from DePaul University. He also holds the Chartered Financial Analyst designation from the CFA Institute. We believe Mr. Swet’s qualifications to serve on our Board of Directors include his more than ten years of executive management and leadership experience in the insurance industry.

Douglas Raucy

Douglas N. Raucy is President, Chief Executive Officer, Director of 1347 Property Insurance Holdings Inc. He has served in the same positions at both of our wholly-owned subsidiary companies, Maison Insurance Company and at Maison Managers Inc. since their inception in October 2012. Prior to joining our company, Mr. Raucy served as the Chief Executive Officer and President and as a member of the Board of Directors of Access Home Holdings LLC, Access Home Insurance Company and Access Home Managers LLC from August 2011 to October 2012. He also served as the Chief Executive Officer and President and as a member of the Board of Directors of Prepared Holdings LLC, Prepared Insurance Company and Prepared Managers LLC. From January 2001 to August 2008, he served as the Chief Operating Officer of the Institute of Business and Home Safety (IBHS), a property mitigation firm that focuses on disaster-resistance property research and education. Mr. Raucy’s prior executive experience also includes positions held during his 20 year tenure at Allstate Insurance Company, including his role as the Director and Founder of the National Catastrophe Team and National Catastrophe Center from 1995 through 2001, where he led the Allstate Insurance Company efforts for every major national catastrophe. Mr. Raucy obtained a bachelor’s degree from Utah State University. We believe Mr. Raucy’s business and management experience make him a qualified and valuable member of our Board of Directors.

John Hill

Mr. John S. Hill is Chief Financial Officer, Vice President of 1347 Property Insurance Holdings Inc. He has served as the Vice President, Secretary, Treasurer and Director of Maison Insurance Company and has held the roles of Vice President, Treasurer and Director for Maison Managers Inc. Prior to joining our company, Mr. Hill served as an Accounting Manager at AmeriLife Group, LLC from June 2013 to July 2013 and as the founder and owner of his consulting business, Hill Consulting Services LLC from July 2009 to June 2013. From June 2010 to September 2011, Mr. Hill served as the Chief Financial Officer of Prepared Insurance Company and prior to that, he served as the Chief Financial Officer, Controller and Treasurer of Travelers of Florida from May 1998 to June 2009. Mr. Hill also served as the Chief Financial Officer of Carolina Casualty Insurance Company from 1989 to 1997. Mr. Hill served on the Board of Governors of the Florida Automobile Joint Underwriting Association from 1999 through 2003. Mr. Hill’s executive experience includes his prior roles as a national insurance audit instructor and peer review team member in KPMG’s insurance practice. He also holds the designation of certified public accountant (inactive) and is a member of the American Institute of CPAs. Mr. Hill obtained a bachelor’s degree from Iowa State University with a double major in economics and accounting.

Dan Case

Mr. Dan Case is Chief Operating Officer of the Company. Mr. Case has 17 years of experience in financial services during which time he has focused exclusively on the insurance and reinsurance industries. Prior to joining the Company, Mr. Case was an Executive Vice President at BMS Re, an independent reinsurance intermediary, from September 2016 to March 2017, and a founding partner at Advocate Reinsurance Partners, a privately-held reinsurance intermediary for middle-market insurance carriers, captives, risk retention groups and other specialty insurance operations, from October 2010 until its purchase by BMS Re in September 2016. At Advocate Reinsurance Partners, Mr. Case led the property reinsurance practice and advised both personal lines and commercial clients with catastrophe exposure. Mr. Case began his career as an analyst in Banc of America Securities’ Financial Institutions Group in 2000, where he worked in raising both private and public capital until 2002. In 2002, Mr. Case joined Aon Benfield Securities, a specialist investment bank, where he served the insurance and reinsurance industries until 2006. In 2006, he joined HBK Investments, an investment management firm based in Dallas, Texas, as an analyst managing private equity, collateralized reinsurance investments, and traded securities in the property casualty insurance and reinsurance market. Mr. Case was also a partner at TigerRisk Partners, an independent reinsurance intermediary, from 2009 – 2010. Mr. Case obtained a B.A. in Mathematics-Economics from Wesleyan University.

Dean Stroud

Mr. Dean Stroud is Vice President, Chief Underwriting Officer of 1347 Property Insurance Holdings Inc. Prior to joining Maison Insurance, he was the Chief Underwriting Officer and a member of the Board of Directors of Access Home Insurance Company in Baton Rouge, Louisiana from September 2011 to October 2012, where he managed and supervised company underwriting operations. Mr. Stroud served as the Senior Underwriting Consultant of Americas Insurance Company from January 2011 to September 2011 and prior to that, served as their Chief Underwriting Officer from April 2010 to January 2011. From October 2003 to May 2009, he was the Vice President of MacNeill Group, Inc., where he directed Louisiana underwriting and claims operations as a service provider for Citizens. Mr. Stroud’s prior executive experience also includes several positions held at Audubon Insurance Company, which he joined in 1971. At Audubon Insurance Company, Mr. Stroud held the position of Senior Vice President with responsibility for companywide standard lines underwriting operations and all company branch offices. Subsequently, Mr. Stroud became President and Chief Operating Officer of Audubon Insurance Group and President of Audubon Insurance Company and Audubon Indemnity Company. He also was a director of Audubon Insurance Company and Audubon Indemnity Company. Mr. Stroud has held positions on advisory committees to the Professional Insurance Agents of Louisiana and has served on the Board of Directors of the Property Insurance Association of Louisiana. He earned a Bachelor of Arts degree from Louisiana State University in 1974.

D. Kyle Cerminara

Mr. D. Kyle Cerminara serves as Director of the Company. Since 2012, Mr. Cerminara has been CEO, Co-Founder & Partner of Fundamental Global Investors, an SEC registered investment advisor that manages equity and fixed income hedge funds and Co-Chief Investment Officer of CWA Asset Management Group, LLC d/b/a Capital Wealth Advisors, a wealth advisor and multi-family office. Mr. Cerminara also serves as Chairman and CEO of Ballantyne Strong, Inc. (NYSE MKT: BTN), a provider of digital technology services, products, and solutions; director of Relm Wireless Corporation (NYSE MKT: RWC), a technology company that designs, manufactures, and markets wireless communication products; director of Iteris, Inc. (Nasdaq: ITI), a provider of intelligent information solutions for traffic management; director of Itasca Capital Ltd. (TSX-V: ICL); and a director of blueharbor bank (OTC: BLHK), a community bank. Prior to co-founding Fundamental Global Investors and partnering with Capital Wealth Advisors, Mr. Cerminara was a Portfolio Manager at Sigma Capital Management from 2011-2012. Mr. Cerminara was a director and Sector Head of the Financials Industry at Highside Capital Management from 2009-2011.

Lewis Johnson

Mr. Lewis Johnson is Director of the Company. Mr. Johnson is President, Co-Founder and Partner of Fundamental Global Investors, an SEC registered investment advisor that manages equity and fixed income hedge funds and Co-Chief Investment Officer of CWA Asset Management Group, LLC d/b/a Capital Wealth Advisors, a wealth advisor and multi-family office. Mr. Johnson is also a director at Ballantyne Strong, Inc. (NYSE: BTN), a holding company with diverse business activities focused on serving the cinema, retail, financial, and government markets as well as RELM Wireless Corporation (NYSE: RWC), a technology company that designs, manufactures, and markets wireless communication products. Prior to co-founding Fundamental Global Investors and partnering with Capital Wealth Advisors, Mr. Johnson was a private investor from 2010-2012. Mr. Johnson was a Portfolio Manager and Managing Director at Louis Dreyfus Highbridge Energy from 2008-2010.

Joshua Horowitz

Mr. Joshua S. Horowitz is an Independent Director of the Company. Since July 2014, Mr. Horowitz has served as a member of the Board of Directors of 1347 Capital Corporation, a publicly-held company formed for the purpose of entering into a business combination with a company operating in the insurance industry (NASDAQ: TFSC). Since January 2012, Mr. Horowitz has served as a managing director of Palm Ventures LLC, a private investment firm where he focuses on investments in the public markets and helps oversee the Palm Global Small Cap Master Fund. From October 2011 to December 2011, Mr. Horowitz worked as an independent consultant. From September 2010 to September 2011, Mr. Horowitz served as Director of Research of Inverlochy Capital, a value focused asset management firm that offers accounts to private and institutional clients. From April 2009 to April 2010, Mr. Horowitz served as managing director of Sapinda GmbH, a private investment holding company. From March 2004 to October 2008, Mr. Horowitz served as Director of Research for Berggruen Holdings, Inc., a family office with over $2 billion in assets under management globally. In these positions, Mr. Horowitz has analyzed and managed investments in a number of public and private companies, with a strong emphasis on insurance and financial firms. Hr. Horowitz is a director of Lincoln General Insurance Company, a private insurance company, and Democracy at Work, a 501(c)(3) non-profit organization. Mr. Horowitz obtained a Bachelor of Science degree in Management from Binghamton University and also studied at the School of Management at the University of Bath in the United Kingdom. In March 2015, Mr. Horowitz successfully completed the Business of Insurance Certificate Program at St. John’s University.

Scott Wollney

Mr. Scott D. Wollney is an Independent Director of the Company. Since December 2010, Mr. Wollney has served as the President and Chief Executive Officer and a director of Atlas Financial Holdings, Inc., a NASDAQ-listed commercial automobile insurance company. From July 2009 until December 2010, Mr. Wollney was President and Chief Executive Officer of Kingsway America, Inc. (“KAI”). From May 2008 to March 2009, he was the President and Chief Executive Officer of Lincoln General Insurance Company (a subsidiary of KAI), a property and casualty insurance company. From January 1998 to May 2008, he was President of Avalon Risk Management, Inc., an insurance broker. Mr. Wollney has more than 24 years of experience in property and casualty insurance. During his tenure in the industry, Mr. Wollney has held executive positions at both insurance companies as well as brokerage operations. Mr. Wollney is a MBA graduate of Northwestern University’s Kellogg School of Management with a concentration in finance and management strategy and holds a Bachelor of Arts degree from the University of Illinois. We believe Mr. Wollney’s qualifications to serve on our Board of Directors include his direct operating experience with respect to numerous disciplines which are critical to the insurance business.

Dennis Wong

Mr. Dennis A. Wong is Independent Director of 1347 Property Insurance Holdings, Inc. Since 2005, Mr. Wong has served as the owner of and a consultant with Insurance Resolution Group, a consulting firm focused on providing strategic advisory and financial consulting for domestic and international insurance carriers. From 1997 to 2005, Mr. Wong worked in a variety of corporate roles with Kemper Insurance Companies, a leading national insurance provider, including as Chief Financial Officer of its international operations. From 1991 to 1997, Mr. Wong worked as a public accountant with KPMG LLP, where he specialized in accounting and operational advisory services for the insurance industry. Mr. Wong obtained a Bachelor of Arts degree in Economics with an Accountancy Cognate from the University of Illinois. Mr. Wong is a Certified Public Accountant.

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