Printer Friendly

USF&G CORPORATION ANNOUNCES THE APPOINTMENT OF DAN L. HALE AS CHIEF FINANCIAL OFFICER

 BALTIMORE, June 24 /PRNewswire/ -- USF&G Corporation (NYSE: FG) announced today that Dan L. Hale has been appointed chief financial officer. He succeeds Edwin G. Pickett, who has chosen to accept a senior position with TIG Holdings, Inc. (NYSE: TIG), a holding company for Transamerica Insurance Group.
 In making the announcement at a meeting of company officers, Norman P. Blake Jr., chairman, president and chief executive officer, said: "Dan is an enormously talented executive who has demonstrated his extensive financial industry expertise over our 20-year working relationship. As the executive vice president of Diversified Insurance and Investment Operations since joining USF&G in February of 1991, Dan has managed the divestiture of the company's non-insurance businesses and has been instrumental in restoring USF&G's financial stability."
 Prior to his joining USF&G, Hale was president and chief executive officer of Chase Manhattan Leasing Company. Previously, he had been a managing director of Kidder, Peabody Group and senior vice president of General Electric Credit Corporation. He is a graduate of Yale University.
 Blake continued: "Ed has been a key contributor in the restoration of USF&G's financial integrity and has built an impressive financial team. On both a professional and a personal basis, I am grateful for Ed's enormous contributions and excited for him as he pursues this significant career opportunity. Given the depth and strength of our senior management team, this transition will be smooth and effective."
 Baltimore-based USF&G Corporation, with assets of $14.8 billion, is composed of subsidiaries engaged in the writing of property/casualty and life insurance. The corporation's principal subsidiary is United States Fidelity and Guaranty Company, one of the nation's largest property/casualty insurers, founded in 1896.
 -0- 6/24/93
 /CONTACT: Kerrie Burch-DeLuca of USF&G, 410-547-3573/
 (FG TIG)


CO: USF&G Corporation ST: Maryland IN: INS SU: PER

MH-DC -- DC025 -- 5458 06/24/93 16:36 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 24, 1993
Words:315
Previous Article:CELLULAR SAFETY SYSTEMS INTRODUCES RADIATION SHIELD
Next Article:INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS
Topics:


Related Articles
CHANCELLOR CAPITAL MANAGEMENT EMPLOYEES ACQUIRE CONTROLLING INTEREST IN CHANCELLOR
USF&G INSURANCE ESTIMATES FINANCIAL IMPACT OF HURRICANE ANDREW
JOHN ALDEN FINANCIAL CORPORATION ANNOUNCES APPOINTMENT OF ROGER L. ROSENBERGER TO PRESIDENT AND CHIEF OPERATING OFFICER
USF RE INSURANCE CO. RECEIVES A- (EXCELLENT) A.M. BEST RATING
US FACILITIES CORPORATION TO REVIEW PROPOSAL FROM FIDELITY NATIONAL
USF&G CORPORATION TO ACQUIRE VICTORIA FINANCIAL CORPORATION, ADDING NONSTANDARD AUTO COVERAGES TO ITS PERSONAL LINES PRODUCT LINE
USF&G AUTHORIZES SHARE REPURCHASES
USF&G APPOINTS LARRY WALTERS VICE PRESIDENT-INVESTOR RELATIONS
USF&G To Acquire Mexico's Leading Surety Company; Become Largest Surety Operation In The World
Canada Life Financial Corporation and Canada Life establish new Boards of Directors.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters