Patrick McCahill Appointed FedNat's New Chief Operating Officer
August 24 2020 - 8:00AM
FedNat Holding Company (Nasdaq: FNHC), a regional insurance holding
company, announced that Patrick S. McCahill has been appointed
Chief Operating Officer. In this newly-created position
reporting to Michael H. Braun, FedNat’s Chief Executive Officer,
McCahill will have primary oversight of operations including
underwriting, claims and information technology. He most
recently served as President of American Platinum Property and
Casualty Insurance Company, a wholly-owned subsidiary of Universal
Insurance Holdings, Inc. In that role, he was responsible for
all operations and corporate strategy including product line and
geographic expansion.
Michael H. Braun, FedNat’s Chief Executive Officer, said, “We
are excited to welcome Patrick to the FedNat management team.
FedNat has grown substantially over the past several years as we
pursue our strategy of expanding profitably in homeowners markets
outside of Florida. We look forward to utilizing Patrick’s
broad industry experience across property insurance and
reinsurance, and his management and leadership qualities, to drive
increased efficiency in our operations and continue creating
long-term value for our shareholders.”
McCahill began his career at Universal with Blue Atlantic
Reinsurance Corporation, the company’s in-house reinsurance
intermediary, and later served as Vice President of Product
Development for Universal Property and Casualty Insurance Company,
where he was responsible for product line profitability and rate
adequacy and leading Universal’s organic growth and geographic
expansion efforts outside of Florida. Previously, he was a
reinsurance broker at TigerRisk Partners, working on Florida
property accounts, focusing on the placement of several large
catastrophe reinsurance programs.
McCahill served as an Officer in the United State Marine Corps,
rising to the rank of Major. He spent the majority of his service
in the Marine Reconnaissance and Special Operations community,
deploying multiple times to Iraq and Afghanistan as a Platoon
Commander, Company Executive Officer, and Company Commander. He
received a BS degree in Business and Economics from Lehigh
University and an MBA from the Kenan-Flagler Business School at the
University of North Carolina at Chapel Hill.
About the Company
FedNat is a regional insurance holding company that controls
substantially all aspects of the insurance underwriting,
distribution and claims processes through our subsidiaries and
contractual relationships with independent agents and general
agents. The Company, through our wholly owned subsidiaries
including FedNat Insurance Company, Maison Insurance Company, and
Monarch National Insurance Company, is focused on providing
homeowners insurance in Florida, Texas, Louisiana, Alabama, South
Carolina and Mississippi. We market, distribute and service
our own and third-party insurers’ products and other services
through a network of independent and general agents.
Contacts
Michael H. Braun, CEO (954) 308-1322
Ronald Jordan, CFO (954) 308-1363
Bernard Kilkelly, Investor Relations (954) 308-1409,
or investorrelations@fednat.com
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