Stilwell seeks to replace Kingsway Financial's CEO, chairman on board

By Lisa Kerner

Charlotte, N.C., Nov. 11 - Kingsway Financial Services Inc. investor Stilwell Group served the company with a requisition for a special shareholders meeting.

Stilwell, a 7.85% shareholder, is seeking the removal of chief executive officer Shaun W. Jackson and chairman F. Michael Walsh from Kingsway's board of directors.

According to a Stilwell news release, Stilwell wants to replace Jackson and Walsh with its nominees, Spencer L. Schneider, Esq., and Larry G. Swets Jr., CFA.

Kingsway is a Mississauga, Ont., property and casualty insurance company.

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