Foley Resigns from NationsBuilders
Atlanta-based NationsBuilders Insurance Services Inc. (NBIS), founder and exclusive program underwriter for ProBuilders Specialty Insurance Company RRG, announced that Peter H. Foley resigned from his positions of president, CEO, and director to pursue other interests.
The company said it is not making any structural changes to its business strategy or model, noting NBIS has experienced profitable growth in recent years.
“We are excited about the prospects for continuing the company’s strong performance in 2008,” said Ned N. Fleming III, chairman of the Board of NBIS. “Following years of robust performance since 2002 and an anticipated 18 percent return on equity in 2007, despite difficult market conditions, we expect to grow in 2008,” said Ron Smith, chief financial officer of NBIS.
Source: NBIS, www.nbis.com
- When the Cloud Goes Dark: Data Center Claims And Specialized Adjusting Expertise
- Musk Rips Twitter Verdict, Claims Jury’s $4.20 ‘Joke’ Mocked Him
- DOJ Sues SeaWorld’s Parent Company for Disability Discrimination
- Bessent Says Hormuz Ships Insurance Program to Start Soon
- Chubb Backing Trump’s $20 Billion Reinsurance Plan for Hormuz
- Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance
- Carriers See Higher Claims Severity Amid Medical, Social Inflation and Growth in AI‑Generated Fraud
- Carriers Using AI for Claims But Adoption is Fragmented, Report Shows