Gregory P. Hannon is joining the Board of Directors of Kingsway. He has been a Vice-President and Director of Oakmont Capital Inc. since 1997. Previously, Greg was a founding partner of Lonrisk, a Toronto-based specialty insurer and subsidiary of the London Insurance Group, where he was the vice-president finance.

Oakmont Capital is an Ontario corporation formed by Terry Kavanagh and Greg Hannon in 1997 and holds, along with Mr Kavanagh and Mr Hannon and related entities, approximately 6.65 per cent of the outstanding shares of Kingsway Financial Services.

Kingsway also announced that Robert Cassels and Walter E. Farnam have resigned from the Board of Directors.