Meadowbrook Insurance Group (MIG) Announces Retirement of its Founder/Chairman
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Meadowbrook Insurance Group, Inc. (NYSE: MIG) announced that its Founder and Chairman, Merton J. Segal, will retire as an employee of the Company effective September 30, 2008. Mr. Segal, 79 years old, founded Meadowbrook in 1955 as Meadowbrook Insurance Agency. Under his leadership, Meadowbrook has grown from a start-up local retail agency into a leading specialty risk management insurance company.
Mr. Segal will continue to serve on the Board of Directors as a Non-Executive Chairman and will also be a consultant to the Company effective October 1, 2008.
Mr. Segal said, "Retiring at a time of record sales and profitability provides me with a great deal of satisfaction and fills me with a debt of gratitude to all the people who have played a part in the Company's success."
Meadowbrook Insurance Group, Inc. is a full-service risk management organization that focuses on specialty program business and risk management solutions for agents, brokers, professional and trade associations, pools, trusts, and small to medium-sized insureds.[SM]
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