Insurance Veteran Douglas W. Reynolds Named President and CEO of Gulfstream

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As President/CEO, Reynolds will guide Gulfstream Property and Casualty Insurance Company's continued success in Florida and Louisiana, as well as expansion along the hurricane-prone Gulf and Atlantic states.

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"Gulfstream has provided exceptional service and products to coastal states for a decade, and we look forward to delivering even more value for our agents and their clients."

Gulfstream Property and Casualty Insurance Company, a regional property carrier providing homeowners, renters, condominium and fire coverage with operations in five states, today announced the appointment of industry veteran Douglas W. Reynolds as President and Chief Executive Officer. He takes the helm from Kerry Ford, Gulfstream’s Vice President of Underwriting, who was serving as interim President.

“Doug has built a reputation as a strategic leader galvanizing growth in startups, national and global companies,” said Bryan Rivers, Chairman of Gulfstream’s Board of Directors. “With an exceptional track record in the insurance industry, both domestically and internationally, Doug is well-positioned to lead Gulfstream’s continued success in our home state of Florida and additional expansion along the hurricane-exposed Gulf and Atlantic coast states.”

“Gulf and Atlantic coast residents know all too well the challenges of living in catastrophe-prone areas,” said Reynolds. “It is imperative to have the right insurance coverage from a company you can trust – not only when a catastrophe strikes, but for everyday insurance needs. Gulfstream has provided exceptional service and products to coastal states for a decade, and we look forward to delivering even more value for our agents and their clients.”

During his career, Reynolds has served in key executive leadership roles for insurance and financial services companies including Exigen Capital, ACE Group, Horace Mann Educators Corp., AIG and Allstate Insurance Co. Notably, he began his career as an underwriter at Allstate and subsequently advanced to one of the company’s top executive positions as Senior Vice President of Independent Agent Markets. At Horace Mann, Reynolds was responsible for all facets of the company’s countrywide property and casualty and financial services business. He later joined ACE Group as President of International Personal Lines and SME (small/medium enterprises), and most recently was a partner at Exigen Capital where he was responsible for developing the group’s insurance practice.

Reynolds received a bachelor’s degree with a double major in marketing and management from Valparaiso University. He also completed the Executive Management Program at Northwestern University’s Kellogg School of Management.

About Gulfstream
Gulfstream Property and Casualty Insurance Company, headquartered in Sarasota, Florida, is a leading regional provider of residential property insurance along the Gulf and Atlantic coasts. Formed in 2004, Gulfstream is now licensed in seven states and currently operates in Florida, Alabama, Louisiana, Mississippi and Texas.

Gulfstream brings an established, comprehensive record of success working in hurricane-prone states to serve policyholders and agents. The company provides a range of quality insurance products that meet the specific needs of residents in these states, including homeowners, condominium, renters, dwelling fire and flood insurance.

Gulfstream combines service delivery and quality insurance products with a seasoned management team and financial strength of its private investors. Gulfstream is backed by its affiliate company, Seibels, one of the insurance industry’s most reputable technology and service providers with more than 140 years of experience. Gulfstream has been assigned a Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc.

Media Contact:
Perry Ian Cone
General Counsel, Secretary, Vice President for Administration and Compliance
941-388-0905
pcone(at)gspcic(dot)com

5240 Paylor Lane
Sarasota, FL 34240
http://www.gspcic.com

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