1347 Property Insurance Holdings, Inc. Appoints Robert Gantley as Chief Operating Officer
1347 Property Insurance Holdings, Inc. (NASDAQ:PIH) (“PIH” or “the Company”), a property and casualty insurance holding company offering homeowners’ and dwelling insurance to individuals in Louisiana through its wholly-owned subsidiary, Maison Insurance Company (“Maison”), today announced the appointment of Mr. Robert Gantley as Vice President and Chief Operating Officer of the Company. Mr. Gantley has served as Vice President of the Company’s wholly-owned subsidiary Maison Managers Inc. since August 2014.
Mr. Gantley has over 35 years of experience in the insurance industry, particularly in the claims and underwriting aspect of the property and casualty insurance business. Previous to joining PIH, he served as President of ClaimCor, LLC, a client centric claim and underwriting technical solutions company which specialized in independent claims adjustments and insurance underwriting inspections. He oversaw all operations of the business, which included planning, forecasting, deployment and management, property and claim investigation services, and all facets of litigation management.
Douglas N. Raucy, Chief Executive Officer, commented “We are more than excited to have Bob join our team. Bob’s expertise and understanding of the coastal insurance industry, notably the claims and underwriting side of the business, will allow us to achieve increased efficiency throughout the Company. Having Bob as a part of our team will help maximize the Company’s potential during our time of growth, as we plan to expand into new coastal markets in the near future.”
Background on Mr. Gantley
Prior to leading ClaimCor, LLC, Mr. Gantley served as Vice President of Research and Development of SDII Global Corporation, a geotechnical and geophysical company servicing the property and casualty insurance industry. From August 2005 through January 2010, he held the position of Chief Claims Officer and Chief Operating Officer of Edison Insurance Group, a Florida domestic property and casualty insurer. Prior to that, Mr. Gantley served as Senior Vice President of Claims of Cypress Property & Casualty Insurance Company. Mr. Gantley holds Bachelor of Arts degree from Harvard University.
About 1347 Property Insurance Holdings, Inc.
1347 Property Insurance Holdings, Inc. is a property and casualty insurance holding company incorporated in Delaware. In December 2012, the Company began providing property and casualty insurance to individuals in Louisiana through its wholly-owned subsidiary Maison Insurance Company. The Company’s insurance offerings currently include homeowners’ insurance, manufactured home insurance and dwelling fire insurance.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “seeks” and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect Company management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, please refer to the section entitled “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2014. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.
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