Cargile elected chairman of the board.COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(BUSINESS WIRE)--April 27, 1995--The board of directors of US Facilities 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 :USRE) has elected David L. Cargile chairman of the board, in addition to his posts as president and chief executive officer. Cargile, 49, succeeds former chairman George Kadonada whose resignation was effective March 20, 1995. A 27-year veteran of 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. industries, Cargile was elected chief executive officer of US Facilities in March 1995, and has served as president of the company and a director since August 1994. He joined the company in 1991 overseeing corporate development, product innovation and potential acquisition opportunities. Previously, he was president and chief executive officer of Reinsurance Facilities Corp., a large national reinsurance intermediary. US Facilities specializes in marketing, underwriting and reinsuring medical stop-loss insurance and in underwriting property/casualty reinsurance and insurance. It conducts business through USBenefits Insurance Services Inc., USF USF University of South Florida USF Universal Service Fund (often part of phone bill in US) USF University of San Francisco USF University of Sioux Falls USF University of St. RE INSURANCE CO., USF Insurance Co. and US MedCare Review Inc. CONTACT: US Facilities Corp. Howard S. Singer, 312/545-3285 or Pondel Parsons & Wilkinson, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Cecilia A. Wilkinson, 310/207-9300 |
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