[July 31, 2014]

IFG Companies Announces That Andrew M. Shrout Joins as Managing Director - Bind

IFG Companies has announced that Andrew M. Shrout has joined as Managing Director -- Bind. In this capacity, Andrew, who will be based in Chicago and Atlanta, will be a member of the Bind Leadership Team that establishes and implements the new strategy of IFG's contract bind insurance business.

"We are very pleased to have Andrew join IFG's Bind unit. Andrew's background in four key areas - strategy, operations, marketing and predictive analytics - will position him well to make major contributions, as we look to make our Bind unit one of the industry's best from each of a product, service and technology perspective," said Bob Linton, Chairman of IFG Companies.

Andrew joins IFG after a year with Tower Group International, where he served as Managing Vice President of Marketing Strategy and Analytics. Previously, Andrew was the Vice President for Stratgy and Finance in the Home Appliance Division at Sears Holdings Corporation, where he applied predictive analytics to target high potential customers. Prior thereto, Andrew held operational roles focused on improving process flows and implementing a new policy administration system at Fireman's Fund Insurance Company. Before that, Andrew served as a Strategy Director at Allstate Insurance Company, where, among other responsibilities, he led a market entry strategy and an agency segmentation initiative to identify and cultivate high performing agencies. Andrew has also worked at The Hartford Financial Services Group as a Director of Property and Casualty Strategic Initiatives and as a consultant at Reagan Consulting, Inc., where he advised on a number of merger and acquisition engagements.

Andrew holds a Bachelor of Arts degree in Finance from Georgetown College and a Master of Business Administration degree from the University of Colorado. Andrew has also earned the Chartered Property and Casualty Underwriter designation.

About IFG

Founded in 1985, IFG Companies is one of the largest privately held insurance groups in the United States. IFG provides property-casualty insurance on both a non-admitted basis and an admitted basis. IFG Companies currently has five principal business units: Brokerage GL, Excess and Umbrella, Binding Authority, Submit and Brokerage Property. Coverages are underwritten by IFG's affiliated insurers: The Burlington Insurance Company, First Financial Insurance Company, Alamance Insurance Company and Guilford Insurance Company. All hold an A (Excellent) IX rating from A. M. Best Company.

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