Affirmative Insurance Holdings Announces Michael J. McClure Named Chief Executive Officer and Director

Author: Mendoza College

Affirmative Insurance Holdings, Inc., a leading distributor and producer of non-standard personal automobile insurance policies, announced that its Board of Directors voted to appoint its current Acting Chief Executive Officer, Michael J. McClure, age 53, to the position of Chief Executive Officer (CEO). Mr. McClure's appointment to the position of CEO will be effective October 1, 2013. The Board of Directors also elected Mr. McClure to the Company's Board effective immediately.

Mr. McClure joined Affirmative in May 2007 as Senior Vice President of Financial Planning and Analysis. In November 2007, Mr. McClure was promoted to be the Company's Executive Vice President and Chief Financial Officer. In April 2013, Mr. McClure was appointed as Acting CEO to facilitate the transition of duties from the current CEO, Gary Y. Kusumi. Prior to joining the Company, Mr. McClure was Interim Chief Accounting Officer and a Managing Director of Residential Capital Corporation from 2004 to May 2007. Mr. McClure is a Certified Public Accountant and holds an MBA in finance and business economics from the University of Chicago and a BBA in accounting from the University of Notre Dame.