Florida Installs New Citizens Insurance Board of Governors Chairman

Florida Chief Financial Officer Alex Sink announced the appointment of James R. Malone as chairman of the Board of Governors for Citizens Property Insurance Corp., effective August 1.

State-backed Citizens is the largest property insurer in Florida.

Malone, 65, is the founding managing partner of Naples-based Qorval LLC, an investment banking firm, and chairman of Boyne Capital Partners. His efforts focus on improving company business practices, particularly during times of change and adversity. He previously led several Florida companies, including Brown Jordan International (Jacksonville), Avborne Heavy Maintenance (Miami), Anchor Glass Container (Tampa), Family Private Care (Palm Beach), and Amerifactors (Orlando). Additionally, Malone is a director of Birmingham, Ala.-based Regions Financial and Philadelphia, Pa.-based Ametek.

Source: Florida Department of Financial Services