Financial Services >> CEO Interviews >> September 3, 2001

William Star – Kingsway Financial Services Inc (kfs)

WILLIAM G. STAR is Chairman, President and Chief Executive Officer of Kingsway Financial Services, Inc. He started his insurance career in 1952 with the Kemper Group. After four years in the company ranks he became an Insurance Broker and sold general and life insurance for seven years. In 1963, he returned to a company position and managed the Special Risks Division of Canadian General Insurance Company (now CGU). In 1967, he became the General Manager for a British Columbia company, Pacific Automobile and Fire Insurance Company, and reorganized it in 1970 as an Ontario corporation, Pafco Insurance Company, now owned by Allstate. He later became President and purchased a 50% interest in the company. After a merger with an oil company, Pafco was sold and he resigned in 1983. In 1986, Mr. Star spent four months with the Ontario Task Force on Insurance as an Advisor. Later that year he created Kingsway General Insurance Company, an Ontario insurer that provides insurance for non-standard automobiles, motorcycles, taxicabs, long-haul trucking, specialty property lines, bonds, marine cargo and other niche products. The company is licensed in every province and territory in Canada. Through its subsidiary, Lincoln General, it is also licensed in 48 states and the District of Columbia. Profile
W. SHAUN JACKSON joined Kingsway Financial Services Inc. in 1995 as Chief Financial Officer and in 1998 was appointed Executive Vice President of the company. Mr. Jackson started his career in the United Kingdom in 1978 and qualified as a Chartered Accountant in 1982. In 1985 he left the United Kingdom to join KPMG in Bermuda. As a senior manager he had responsibility for providing business advisory and audit services to insurers and reinsurers as well as a major local bank. In 1989 he transferred to the Insurance and Financial Institutions Practice of KPMG Toronto. During his time at KPMG in Toronto, he specialized in advising clients in the property and casualty insurance industry. While at Kingsway he has overseen the substantial growth in the company which included its initial public offering in December 1995 as well as several subsequent share and debt offerings and acquisitions of companies in Canada and the United States. Since joining Kingsway, Mr. Jackson has been involved in the acquisition of eight companies and the formation of three. Profile
TWST: Could we begin with a brief historical sketch and an overview of

Kingsway Financial Services, Inc.?

Mr. Star: Kingsway Financial is the parent company. We own eight

insurance companies,