| ATLANTA -- NationsBuilders Insurance Services, Inc., founder and exclusive program underwriter for ProBuilders Specialty Insurance Company RRG, announces that Peter H. Foley resigned from his positions of President, CEO, and Director to pursue other interests.
NBIS has experienced profitable growth in recent years. The company is not making any structural changes to its business strategy or model. The senior management team remains committed to NBIS and its plans for the future. "We are excited about the prospects for continuing the company’s strong performance in 2008," said Ned N. Fleming III, Chairman of the Board of NBIS. "Following years of robust performance since 2002 and an anticipated 18% return on equity in 2007, despite difficult market conditions, we expect to grow in 2008," said Ron Smith, Chief Financial Officer of NBIS.
"We look forward to continuing to build on our solid relationships with our partners in the market," said Kevin Cunningham, Executive Vice President of NBIS. |
V 1.0
