CHICAGO–(COMMERCIAL THREAD) –Atlas Financial Holdings, Inc. (OTC: AFHIF) (“we”, “us”, “our”, the “Company” or “Atlas”) announced today that effective September 1, 2021, the Board of Directors of the Company (the “Board”) has appointed Kurt Lageschulte to the Board to fill the vacant position created by the previously announced resignation of Walter Walker. Mr. Lageschulte is the portfolio manager of investment funds collectively holding significant positions in the Company’s 6.625% senior unsecured notes due 2022 and the Company’s common shares.
Scott D. Wollney, President and CEO of Atlas and Chairman of the Board of Directors, said, “We are delighted to welcome Mr. Lageschulte to our Board of Directors. His background in finance and corporate reorganization will be invaluable as we rebuild our business following the strategic shift we have undertaken to focus on an MGA model with the goal of both taking over our business. historical activities and expand the reach of our target markets. ”
The Company will provide further details in a current report on Form 8-K filed with the Securities and Exchange Commission.
Atlas’s core business is commercial automobile insurance in the United States, with a niche market orientation and a focus on insurance for the “light” commercial automobile sector, including taxis, non-urgent adapted transport, limousines / livery (including full-time company driver transport network) and company automobile. Atlas’s specialized infrastructure is designed to leverage analytics, expertise and technology to efficiently and cost-effectively deliver insurance solutions to independent contractors, owner-operators and others. small accounts.
The Company’s strategy is focused on operating its general management agency (“AGMI”) operation and its digital insuretech platform (“optOn”). For more information on Atlas, please visit www.atlas-fin.com, www.agmiinsurance.com, and www.getopton.com.
This press release includes forward-looking statements regarding Atlas and its subsidiaries and insurance businesses. These statements are based on the current expectations of the management of each entity. The words “anticipate”, “expect”, “believe”, “power”, “should”, “estimate”, “project”, “prospects”, “anticipate” or similar words are used to identify these forward-looking information. The forward-looking events and circumstances described in this press release may not occur and could differ materially due to known and unknown risk factors and uncertainties affecting the companies, including risks relating to the insurance industry, economic factors. and the general stock markets and risk factors discussed in the “Risk Factors” section of the Company’s 2020 Annual Report on Form 10-K. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries assume no obligation to publicly update or revise any forward-looking statements. whether as a result of new information, future events, or otherwise.