Republic Companies, Inc. Announces Hiring of New President/CEO

DALLAS, Feb. 28, 2012 /PRNewswire/ -- Republic Companies, Inc. today announced that its Board of Directors has named Joseph E. Mattingly to serve as the company's president and chief executive officer.

(Logo: http://photos.prnewswire.com/prnh/20050801/REPUBLICLOGO)

Mattingly, 52, has served since 2006 as Senior Vice President – Insurance Operations & President of Insurance Companies of the Meadowbrook Insurance Group, a property and casualty insurer utilizing different distribution sources for its products, including independent agents and managing general underwriters.  During his tenure with Meadowbrook, Mattingly was instrumental in overseeing premium growth while maintaining underwriting profitability.

Mattingly began his 31-year career as an underwriter and subsequently assumed a range of management and operational responsibilities covering underwriting, claims, business development, marketing, IT and reinsurance.  He obtained a bachelor's degree in Economics from the University of Missouri and holds the CPCU designation. 

Danny Guttman, the representative of Delek Finance US Inc., the parent company of Republic, said, "Joe's successful performance in the industry and his recognition of the value of Republic's employees and independent agents makes him an excellent choice by the Board to continue building on Republic's strengths." 

Mattingly, who will assume his new duties on March 12, said, "I am excited to lead Republic, with its long-distinguished history, strong management team, committed employees and loyal independent agents.  I plan to build on Republic's strategy of improving products and strengthening pricing, underwriting and technology to enable our agents to provide our customers the best possible solution while achieving sustained profitability."    

About Republic

Republic Companies, Inc. provides personal and commercial property and casualty insurance products through a group of insurance companies and related entities designated in the industry as "The Republic Group."  In its Independent Agents segments, Republic distributes these products to individuals and small to medium-size businesses through a network of independent agents primarily in Texas, Louisiana, Oklahoma, New Mexico, Mississippi and Arkansas.  In its Program Management and Insurance Services segments, Republic capitalizes on its unique combination of charters and licenses to develop and manage target-niche insurance products that are distributed through managing general agents and other producers in many additional states.  Visit www.RepublicGroup.com for more information.

SOURCE The Republic Group