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United States

Kingsway Financial Services Inc (KFS.N)

KFS.N on New York Stock Exchange

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17 Feb 2017
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Summary

Name Age Since Current Position

Terence Kavanagh

61 2013 Independent Chairman of the Board

Larry Swets

41 2013 President, Chief Executive Officer, Director

William Hickey

57 2011 Chief Financial Officer, Chief Operating Officer, Executive Vice President

Hassan Baqar

38 2014 Vice President - Finance

John Fitzgerald

44 2016 Director

Gregory Hannon

61 2009 Independent Director

Gary Schaevitz

72 2014 Independent Director

Joseph Stilwell

53 2009 Independent Director

Adam Prior

2014 Senior Vice President

Biographies

Name Description

Terence Kavanagh

Mr. Terence M. Kavanagh is Independent Chairman of the Board of Kingsway Financial Services Inc. He served as President and a Director of Oakmont Capital Inc., a Toronto-based private investment company. Prior to co-founding Oakmont Capital, Mr. Kavanagh’s previous experience includes managing the Brentwood Pooled Investment Fund, a North American based investment fund, and managing a number of family-owned operating businesses in the real estate, property management and building services industries. Mr. Kavanagh was previously an investment banker in New York and Toronto with The First Boston Corporation and Lehman Brothers. Mr. Kavanagh received a Bachelor of Law degree from Western University in 1978, and an M.B.A. from the Tuck School of Business at Dartmouth College in 1982. Mr. Kavanagh brings extensive knowledge of the financial services industry to the Board.

Larry Swets

Mr. Larry Gene Swets, Jr., is President, Chief Executive Officer, Director of Kingsway Financial Services Inc., since July 2010. Before joining Kingsway in January 2010, Mr. Swets founded Itasca Financial, LLC, an advisory and investment firm specializing in the insurance industry. Prior to his work at Itasca Financial, 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 graduated from Valparaiso University in 1997 and earned a Master’s degree in Finance from DePaul University in 1999; he also holds the Chartered Financial Analyst designation. Mr. Swets is qualified to serve on our Board of Directors due to his extensive understanding of Kingsway, and his considerable operating, investment and management experience in companies in the insurance industry.

William Hickey

Mr. William August Hickey, Jr., is Chief Financial Officer, Chief Operating Officer, Executive Vice President of Kingsway Financial Services Inc. He has served as Executive Vice President and Chief Operating Officer of the Corporation since August 2010, and as CFO since April 2011. Before joining the Corporation, Mr. Hickey was a Managing Director at the Chicago office of Macquarie Capital, a corporate finance and investment firm, from 2009 to 2010. Mr. Hickey earned his Bachelor of Business Administration degree in accountancy from the University of Notre Dame in 1981 and a Master of Management degree in finance and management policy from the J.L. Kellogg School of Management at Northwestern University in 1986.

Hassan Baqar

Mr. Hassan R. Baqar is Vice President - Finance of Kingsway Financial Services Inc., since January 2014 and as a Vice President of subsidiary Kingsway America Inc. since 2010. Before joining the Corporation, Mr. Baqar was the Director of Finance at Itasca Financial, LLC from 2008 to 2009. He earned a Bachelor of Accounting and Business Administration from Monmouth College in 2000 and a Masters of Business Administration from Northeastern Illinois University in 2009.

John Fitzgerald

Mr. John T. Fitzgerald is Director of the Company. He joined Kingsway as Executive Vice President on April 21, 2016 following Kingsway’s acquisition of Argo Management Group, a private equity investment partnership co-founded by Mr. Fitzgerald in 2002. Prior to co-founding Argo Management Group, Mr. Fitzgerald was managing director of Adirondack Capital, LLC, a financial futures and derivatives trading firm, and he was a seatowner on the Chicago Board of Trade. From January 2006 to September 2015, Mr. Fitzgerald was the CEO of Hunter MFG, LLP, a manufacturer and distributor of sports-licensed consumer products. Since January 2006, Mr. Fitzgerald has also served in the role of Chairman of Hunter FMG, LLP. Mr. Fitzgerald received a Bachelor of Science degree in Finance in 2001 from DePaul University with highest honor, Beta Gamma Sigma. He is a 2002 MBA graduate of the Kellogg School of Management, Northwestern University, with concentrations in Finance, Accounting and Management Strategy. Mr. Fitzgerald’s education, background and experience qualify him for his role with Kingsway.

Gregory Hannon

Mr. Gregory P. Hannon is Independent Director of Kingsway Financial Services Inc. He has been a Vice-President and Director of Oakmont Capital Inc., a Toronto-based private investment company, since 1997. He previously was a founding partner of Lonrisk, a Torontobased specialty insurer and subsidiary of the London Insurance Group, where he was the Chief Financial Officer. Prior to that, Mr. Hannon worked for the Continental Bank of Canada in commercial credit and as auditor for Arthur Andersen and Company, Chartered Accountants. Mr. Hannon received a Bachelor of Commerce degree from Queen’s University in 1978 and an M.B.A. from The Harvard Business School in 1987. Mr. Hannon brings to the Board entrepreneurial experience, as well as expertise in accounting, auditing and financial reporting.

Gary Schaevitz

Mr. Gary R. Schaevitz is Independent Director of the Kingsway Financial Services Inc. He has been employed by Oppenheimer and Co., an investment advisory firm, since 2007 as a Senior Vice President, Investments. Mr. Schaevitz received a Bachelor of Science degree from Michigan State University in 1965. Mr. Schaevitz’s background in the financial markets, including asset management, adds short- and long-term planning and development insight to the Board.

Joseph Stilwell

Mr. Joseph D. Stilwell is Independent Director of Kingsway Financial Services Inc. He has had over 20 years of experience managing investment funds, with a great deal of his time being dedicated to analyzing financial statements. Mr. Stilwell received Bachelor of Science in Economics degree from the Wharton School of the University of Pennsylvania in 1983.

Adam Prior

Basic Compensation

Name Fiscal Year Total

Terence Kavanagh

99,141

Larry Swets

1,382,540

William Hickey

561,559

Hassan Baqar

436,761

John Fitzgerald

--

Gregory Hannon

99,141

Gary Schaevitz

59,258

Joseph Stilwell

59,258

Adam Prior

--
As Of  30 Dec 2015