American Bankers Insurance Group Inc. announces new chief executive officer.
MIAMI--(BUSINESS WIRE)--Nov. 13, 1995--American Bankers Insurance Group Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ABIG ABIG American Bankers Insurance Group
ABIG Access Bus Industry Group ) announced Monday the election of Gerald N. Gaston to the position of chief executive officer.
Gaston will assume his new responsibility effective Jan. 1, 1996. Gaston succeeds R. Kirk Landon as chief executive officer. Landon will continue as chairman of the board. Landon has held the title of chief executive officer since American Bankers Insurance Group's inception in 1980.
Gaston will focus on utilizing the current strong management team, with its broad base of experience, to take the company into the future. He will continue to insure that our efforts are focused on obtaining controlled competitive advantages. These efforts will result in a series of solutions to solidify the infrastructure, provide faster more efficient service, and increase shareholder value.
Gaston will remain president and vice chairman of the board. He joined American Bankers Life Assurance Company of Florida (ABLAC) and American Bankers Insurance Company of Florida (ABIC ABIC Agricultural Biotechnology International Conference
ABIC American Business Information Center (US Embassies)
ABIC Army Business Initiative Council
ABIC Army Battlefield Interface Concept ) in 1977 as executive vice president and chief financial officer.
Outside board seats include being a member of the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. and vice chairman of Loyola University Loyola University (loi-ō`lə), at New Orleans, La.; Jesuit; coeducational. The university was established through a merger in 1911 of the College of the Immaculate Conception (opened 1849) and Loyola College and Academy (opened 1904). , New Orleans and a director of Intercontinental Bank, Miami. He received his B.S. from Nicholls State University Nicholls State University, founded in 1948, is a public university located in Thibodaux, Louisiana, USA. Nicholls State is part of the University of Louisiana System of universities. Originally called Francis T. in 1959, and his M.B.A. from Loyola University of the South in 1965.
American Bankers Insurance Group (ABIG) provides affordable, specialty insurance products and services to a segment of the population which is underserved by the insurance industry. ABIG concentrates on marketing through financial institutions, retailers and other entities offering consumer financing as a regular part of their business. ABIG focuses on the continuing developing of new and proven profitable products and new distribution channels that will sustain long term profitability and steady growth. ABIG, through its insurance subsidiaries, operates in the United States, Canada, the Caribbean, Latin America and the United Kingdom.
CONTACT: American Bankers Insurance Group Inc., Miami
P. Bruce Camacho
First Senior Vice President
Investor Relations Investor relations
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