Edition:
United States

People: Federated National Holding Co (FNHC.O)

FNHC.O on Consolidated Issue listed on NASDAQ Global Market

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27 May 2016
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Summary

Name Age Since Current Position

Bruce Simberg

66 2016 Chairman of the Board

Michael Braun

48 2016 President, Chief Executive Officer, Director

Peter Prygelski

46 2008 Chief Financial Officer, Treasurer, Director

Carl Dorf

74 2001 Independent Director

Jenifer Kimbrough

43 2009 Independent Director

Thomas Rogers

2015 Independent Director

William Stewart

2015 Independent Director

Richard Wilcox

73 2003 Independent Director

Biographies

Name Description

Bruce Simberg

Mr. Bruce F. Simberg II is Chairman of the Board of the Company. Mr. Simberg previously served as a member of the Company's Board, and it's Chairman, from 1998 until March 2015, when he resigned from the Board for personal reasons. Mr. Simberg has advised the Board that his other personal commitments, including his law practice, have matured so that he can once again dedicate the necessary time and attention to serving on the Board as its Chairman. He brings to the Board his extensive historical knowledge about the Company and its operations, as well as his extensive experience with the insurance industry.

Michael Braun

Mr. Michael H. Braun is President, Chief Executive Officer, Director of the Company. He was Interim Chairman of the Board of Company. He serves as President, Chief Executive Officer, Director of Federated National Holding Co. He was appointed Chief Executive Officer of the Company in July 2008, President in June 2009, and elected to the Board of Directors in December 2005. Previously, Mr. Braun was Chief Operating Officer, where he was responsible for the Company’s day-to-day operations and strategic product portfolio. Mr. Braun has also served as President of Federated National Insurance Company (“FNIC”), a subsidiary of the Company, since September 2003, a position that he continues to hold. Previously, he held key management positions within FNIC, responsible for operations, marketing and underwriting. Prior to joining the Company, Mr. Braun was Managing Partner for an independent chain of insurance agencies, which was acquired by the Company in 1998. Mr. Braun does not serve on the Board of Directors of any other SEC reporting company.

Peter Prygelski

Mr. Peter J. Prygelski, III, serves as Chief Financial Officer, Treasurer, Director of Federated National Holding Co. He was named Chief Financial Officer in June 2007 after serving as an independent director from January 2004 through June 2007. Mr. Prygelski was re-nominated to the Board in June 2008 and has served as an inside director since that time. Mr. Prygelski has spent his entire career in the financial services industry. He spent 12 years at American Express in various capacities including; Director of Internal Audit and Assistant General Auditor of American Express Centurion Bank. In this capacity, Mr. Prygelski was responsible for the monitoring of internal controls for a bank with $45 billion in assets, and assessing and mitigating operational, reputational, regulatory and strategic risk. After leaving American Express, he spent the next three years at Ernst & Young and Deloitte and Touche. At both firms, Mr. Prygelski served as a senior manager responsible for growing the financial services practice in the Southeast. He managed teams that provided Fortune 500 companies with consulting services in the following areas; Finance Transformation, Finance Operations Effectiveness, Financial Reporting, Cost Optimization, Governance, Risk and Compliance Services, and Board of Directors Performance

Carl Dorf

Mr. Carl Dorf serves as an Independent Director of Federated National Holding Co., since August 2001. Mr. Dorf has over 40 years of diversified investment experience as a security analyst, portfolio manager, mutual fund manager and hedge fund manager. He earned the Chartered Financial Analyst (CFA) designation and in the past served as director of the Los Angeles Society of Security Analysts. Since April 2001, Mr. Dorf has been the principal of Dorf Asset Management, LLC, and is responsible for all investment decisions made by that company. From January 1991 to February 2001, Mr. Dorf served as the Fund Manager of ING Pilgrim Bank and Thrift Fund. Prior to his experience at Pilgrim, Mr. Dorf was a principal in Dorf & Associates, an investment management company.

Jenifer Kimbrough

Ms. Jenifer G. Kimbrough serves as an Independent Director of Federated National Holding Co., since April 1, 2009. Ms. Kimbrough has served as the Vice President of Compliance and Audit for Surgical Care Affiliates since March 2010, prior to which Ms. Kimbrough served as the Vice President of Assurance and Process Improvement. Prior to 2007, Ms. Kimbrough was the Senior Vice President of Investor Relations at Regions Financial Corporation. From 1993 to 2003, Ms. Kimbrough served as an Audit Senior Manager at Ernst & Young LLP. Ms. Kimbrough received her certification as a certified public accountant from the Alabama State Board of Public Accountancy in 1994. Ms. Kimbrough is an active member of several societies, including: American Woman’s Society of CPAs, Institute of Internal Auditors, Alabama State Society of CPAs and American Institute of CPAs. Additionally, she recently served on the AICPA Women’s Initiative Executive Committee and as National President of the AWSCPA.

Thomas Rogers

Mr. Thomas A. Rogers is Independent Director of Federated National Holding Company. Mr. Rogers joins the Board with more than 40 years’ experience in the reinsurance industry, including 22 years serving as a senior executive officer of Aon Benfield Inc. until his retirement in 2014 as its Vice Chairman. Prior to Aon Benfield, Mr. Rogers spent 18 years with both reinsurance underwriting and intermediary companies and specialized in the development and management of specialized property and casualty lines.

William Stewart

Mr. William G. Stewart is Independent Director of Federated National Holding Company. Mr. Stewart joins the Board with significant experience in administration and investment management. He has served as the Deputy Secretary of Administration for the State of Maryland, Department of Public Safety and Correctional Services, since February 2015, and from 2003 to 2007 was an Assistant Secretary for Administration/Business Services and an Acting Deputy Secretary for the State of Maryland, Department of Juvenile Services. He has more than 35 years’ experience in the securities industry, including as a Senior Consultant at Asset Strategy Consultants, an investment management consulting firm, and as a senior executive officer and registered representative at Mercantile Capital Advisors, Inc., BT Alex. Brown Incorporated and Alex. Brown & Sons Incorporated.

Richard Wilcox

Mr. Richard W. Wilcox, Jr., serves as an Independent Director of Federated National Holding Co., since January 2003. Mr. Wilcox has been in the insurance industry for more than 40 years. In 1963, Mr. Wilcox started an insurance agency that eventually developed into a business generating $10 million in annual revenue. In 1991, Mr. Wilcox sold his agency to Hilb, Rogal and Hamilton Company (“HRH”) of Fort Lauderdale, for which he retained the position of President through 1998. In 1998, HRH of Fort Lauderdale merged with Poe and Brown of Fort Lauderdale, and Mr. Wilcox served as the Vice President of Poe and Brown until 1999, when he retired. Mr. Wilcox holds CIC designation as a member of the Society of Certified Insurance Counselors. Mr. Wilcox also holds an Advanced Professional Director Certification from the American College of Corporate Directors, a national public company director education and credentialing organization.

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