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July 05, 2015 2:25 PM ET

Insurance

Company Overview of IAT Reinsurance Company, Ltd.

Company Overview

IAT Reinsurance Company, Ltd. underwrites treaty reinsurance. It provides truck liability, physical damage, and inland marine insurance to owner-operators and small fleet owners who operate in local, intermediate, and long haul markets; non-standard private passenger auto insurance; and access to commercial auto, excess umbrella, liquor liability, garage liability, and other specialty lines of business. The company also offers property and liability coverage to dealers and dealers' customers; specialized underwriting capacity for independent contractors serving the transportation industry; and a package of coverage for moving and storage businesses in the United States. In addition, it suppo...

2850 West Golf Road

Suite 900

Rolling Meadows, IL 60008-4053

United States

Founded in 1986

Phone:

847-321-4800

Fax:

847-472-6032

Key Executives for IAT Reinsurance Company, Ltd.

Chief Executive Officer
Age: 49
Head of Special Programs Group
Age: 65
Compensation as of Fiscal Year 2015.

IAT Reinsurance Company, Ltd. Key Developments

IAT Reinsurance Company, Ltd. Announces Executive Changes, Effective January 4, 2015

IAT Reinsurance Company, Ltd. announced that Peter R. Kellogg is retiring as Chief Executive Officer of the company, a position he has held since the company's founding in the early 1980s. William Cunningham will assume the role of CEO effective January 4, 2015. Mr. Kellogg will continue to lead the Board of Directors. Mr. Cunningham has been a senior executive at the Travelers Insurance Company, where he had spent his whole career.

IAT Reinsurance Company, Ltd. Appoints John Molbeck as Chairman of its Board of Directors

IAT Reinsurance Company, Ltd. announced that it has appointed John N. Molbeck, a current director of company, as the Chairman of its Board of Directors. Mr. Molbeck is currently a director at HCC Insurance Holdings Inc. Mr. Molbeck previously served as the Chief Executive of HCC from May 2009 to December 2012 and as the President and Operating Officer from 2006 to May 2009, a position that he also held from 1997 to 2002.

British Columbia Supreme Court Grants Injunction Against the Kellogg Group, Prohibiting the Kellogg Group from Trying to Take Control of the MFC Board

MFC Industrial Ltd. announced that on December 20, 2013, the British Columbia Supreme Court issued an injunction against Peter Kellogg /IAT Reinsurance Company Ltd. (the Kellogg Group) and others prohibiting the Kellogg Group from trying to improperly take control of MFC's board at the Company's upcoming annual general and special meeting to be held on December 27, 2013. The Court specifically prohibited the Kellogg Group's proposal to increase the size of MFC's board to 11 and their proposal to elect 8 of their hand-picked nominees as directors at the Meeting or any other increase in the size of the MFC board until such time as the matters are properly decided by the Court. In granting the injunction, the Court found that the Kellogg Group had committed breaches of British Columbia securities laws and that there was merit to the actions commenced by MFC. As a result of the foregoing, MFC's board of directors will continue to consist of six directors of which two class II directors will be elected at the Meeting.

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