Larry Swets to become president and CEO of Kingsway Financial Services in July 2010

Kingsway Financial Services Inc. (TSX:KFS, NYSE:KFS) has announced that its president and CEO Colin Simpson, “having substantially completed the downsizing and restructuring of the Kingsway Group,” will resign on June 30, 2010 to pursue other career interests.
Larry Swets, currently the company’s executive vice president of corporate development, will take over the role of president and CEO on that date.
Swets was appointed to the Kingsway board in January 2009 as part of a settlement the company reached with minority shareholder Joseph Stillwell and the Stillwell Group.
Simpson will remain on the company’s board of directors.
The company’s chairman, Spencer L. Schneider, commented: “We thank Colin for his dedication and hard work, and we are pleased that he has agreed to continue to work with us on the board. We look forward to working with Larry in his new role.”