American Independence Corp. Announces Appointment Of New Directors.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 16, 2002 American Independence Corp. (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 : AMIC Am´ic a. 1. (Chem.) Related to, or derived, ammonia; - used chiefly as a suffix; as, amic acid; phosphamic acid. s> Amic acid (Chem. ) today announced that Myron M. Picoult and Martin E. Winter have joined the Company's Board effective immediately. Mr. Picoult is an independent advisor to Lazard Freres & Company on investment banking projects with an emphasis on the insurance industry. Previously, Mr. Picoult served as a managing director, senior insurance analyst, and/or advisor with Oppenheimer & Company, First Manhattan Company and Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Wasserstein. Mr. Winter is the founder and Chief Executive Officer of Independent Board Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which advises audit committees and boards of directors of publicly held companies. Mr. Winter was previously a principal and Chief Financial Officer of MD Sass Investors Services. Mr. Roy T.K. Thung, Chief Executive Officer of the Company, commented "We are delighted to welcome Myron Picoult and Martin Winter to AMIC's Board of Directors. Myron brings a great range of insurance and mergers and acquisitions experience. Martin, who will serve as chairman of the Audit Committee, is a former chief financial officer and also brings tremendous investment capabilities. We are confident that these experienced business leaders will bring valuable perspectives to our Board." AMIC is a holding company engaged principally in the insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. business through Independence American Insurance Company, IndependenceCare Holdings LLC, and Risk Assessment Strategies, Inc. Some of the statements included herein may be considered to be forward looking statements which are subject to certain risks and uncertainties. Factors which could cause the actual results to differ materially from those suggested by such statements are described from time to time in AMIC filings with the Securities and Exchange Commission. |
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