Crum & Forster Notes Management Changes

Crum & Forster Holdings Corp. announced that Nikolas Antonopoulos, recently elected CEO of its insurance operating subsidiaries, will also be elected chairman of the board of those companies.

Antonopoulos succeeds Bruce Esselborn, who retired from Crum & Forster earlier this month. The current management of Crum & Forster Holdings Corp., including V. Prem Watsa, the chairman of the board, is unchanged.

Joseph Braunstein, Jr., executive vice president of the Crum & Forster insurance companies since May 2002, will be elected to the position of president of those companies. Braunstein succeeds Antonopoulos, who has been president since May 2000.

Braunstein joined Crum & Forster in September 2000 after a 29-year career at CIGNA where he held field and product line management roles in its large risk and international businesses and, most recently prior to joining Crum & Forster, led CIGNA’s Integrated Care unit.

Crum & Forster is a national property and casualty group providing, through its insurance companies, standard and specialty commercial insurance products including property, general liability, workers’ compensation, commercial automobile, umbrella, directors and officers liability, excess & surplus and surety.