GAINSCO Names Boulware as a Director

Dallas-based nonstandard personal automobile insurance provider, GAINSCO INC., announced that at its regular quarterly Board of Directors meeting Robert J. Boulware, president and chief executive officer of ING Funds Distributor LLC, was elected a director to fill the position recently made vacant by the previously announced resignation of Hugh M. Balloch.

ING Funds is a wholly owned subsidiary of ING Group and is engaged in the distribution of mutual funds through intermediary and affiliate channels. Boulware, 48, has been with ING Funds since 1992 and was previously a vice president with Bank of America Arizona. Boulware is also a director of Norwood Promotional Products Inc. of Indianapolis, Ind.

GAINSCO, a Dallas, Texas-based holding company, distributes its products through retail agents in Florida, Texas, Arizona, Nevada and California. Its primary insurance subsidiaries are General Agents Insurance Company of America Inc. and MGA Insurance Company Inc., both of which are currently rated “B-” (Fair) with a stable outlook by A.M. Best.